Elda River Capital
1111 Bagby Street Suite 2000, Houston, TX, 77002, United States
Overview
Elda River is a real assets investment firm that focuses on energy transition, low carbon infrastructure, and related energy infrastructure. The company manages investments in projects that aim to reduce carbon emissions and support sustainable energy solutions. Elda River operates with a team of 15 employees and has offices in Houston, Texas; Evanston, Illinois; and London, United Kingdom.
- Total investments
- 2
- Lead investments
- 1
- Investments · 12mo
- 1
- Active investors
- 3
Sector focus
- Finance
- Financial Services
- Real Estate Investment
Investment portfolio
- Spearmint Energy
Participated · Debt Financing · Jun 2026
Spearmint Energy develops and operates large-scale battery storage projects aimed at delivering stable, resilient and affordable power to the grid. The company’s operating portfolio includes projects such as Tierra Seca, Seven Flags and Revolution, and it maintains a broader development pipeline across the United States. Spearmint recently strengthened its balance sheet via a $325 million expanded debt facility to advance operating assets and fund strategic growth initiatives. Leadership highlights include founder, president and CEO Andrew Waranch, who framed the financing as growth capital to accelerate deployment and optimization of battery storage. Lenders participating in the facility cited the growing importance of battery storage within the nation’s energy infrastructure and their support for Spearmint’s asset quality and growth strategy.
- Zephyr
Led · Equity · Oct 2024
Zephyr acquires local HVAC, electrical and plumbing service providers and integrates them into a unified technology and productivity platform with the technician at the center. The company centralizes recruiting, training, marketing, operations effectiveness, finance and M&A to drive efficiency, retention and profit for local brands. Zephyr emphasizes reimagining the technician experience to improve service quality and enable installation of more energy-efficient mechanical systems. It has closed twelve acquisitions to date across target geographies including Washington, DC; Houston; Palm Beach/South Florida; and Denver. Zephyr plans to use new funding to support additional home services acquisitions, continue investing in its proprietary technology platform, and execute geographic growth plans in new and existing markets. The company expects to eclipse $100 million of revenue this year and is organically growing over 25%.