# Strategic Value Partners Fund to Acquire Minority Stake in South Field Energy

- Link: https://www.thailand-business-news.com/pr-news/strategic-value-partners-fund-to-acquire-minority-stake-in-south-field-energy
- Published: 2026-07-28T01:00:00+07:00
- Author: PR Newswire

GREENWICH, Conn. and COLUMBIANA COUNTY, Ohio, July 28, 2026 /PRNewswire/ — Strategic
Value Partners, LLC (together with its affiliates, "SVP"), a global alternative 
investment firm, today announced that its managed funds (the "SVP Funds") have agreed
to acquire a minority equity interest in South Field Energy ("South Field"), a 1,182-
megawatt natural gas-fired combined-cycle generation facility located in Columbiana
County, Ohio. Financial terms of the transaction were not disclosed.

South Field began commercial operations in 2021 and features efficient, natural 
gas-fueled CCGTs utilizing GE 7HA turbines. It is one of the newest gas-fired power
plants and most efficient per megawatt-hour operating costs in PJM Interconnection,
LLC ("PJM"). South Field is well-positioned to provide reliable generation to meet
growing demand.

The investment in South Field was made as part of SVP’s partnership with EverGen
Power ("EverGen"), a power generation asset management firm established in 2024 
to support power generation investments across North America.

"We continue to see an attractive opportunity set in power generation, driven by
structural growth in data center demand and the need for consolidation and new ownership
strategies," said David Geenberg, Head of North American Corporate Investments at
SVP. "We are excited to join South Field’s partnership of Asian and U.S. shareholders
to help maximize the value of this critical asset in a high-growth market."

"South Field is a critical source of baseload power generation in one of the most
supply-constrained power markets in the country," said Dave Freysinger, Managing
Partner of EverGen Power. "As industry demand continues to grow, South Field will
provide reliable, efficient power to this area of PJM."

**About SVPSVP is a global alternative investment firm that focuses on special situations,
private equity, opportunistic credit, and financing opportunities. The firm uses
a combination of sourcing, financial, and operational expertise to unlock value 
in its portfolio companies. Today, SVP manages approximately $21 billion in assets
under management and, since inception, has invested more than $60 billion of capital.
The firm, established by Victor Khosla in 2001, has over 200 employees, including
more than 100 investment professionals, across its main offices in Greenwich (CT),
New York and London, and presences in Tokyo and Dubai. Learn more at [www.svpglobal.com](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4739341-1&h=3550361296&u=http%3A%2F%2Fwww.svpglobal.com%2F&a=www.svpglobal.com).

**About EverGen PowerEverGen is a platform formed and backed by SVP Funds, created
to manage and operate critical power infrastructure that supports the delivery of
reliable and safe energy, addressing the increasing demand for power driven by electrification.
Its leadership prides itself on its track record of excellence, having worked closely
together for almost a decade and with a combined 75 years of experience in the power
generation sector. Learn more at [www.evergenpwr.com](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4739341-1&h=762599764&u=https%3A%2F%2Fwww.evergenpwr.com%2F&a=www.evergenpwr.com)

**Media Contact:Strategic Value Partners: [media@svpglobal.com](https://www.thailand-business-news.com/Users/tfogarty/AppData/Local/Microsoft/Windows/INetCache/Content.Outlook/HNYRAKHW/SVPGlobal@kekstcnc.com)

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