Tenaska

Tenaska Capital Management (TCM) is a leading private equity and infrastructure investment firm specializing in the power and energy sectors across North America. Founded in 2003, the firm operates as the investment arm of Tenaska, Inc., a major privately held energy company established in 1987. TCM has raised over $3.2 billion in equity capital across multiple funds and executed more than $6.5 billion in energy-related investments, serving over 100 U.S. and international investors. The firm leverages the extensive technical, operational, engineering, and marketing capabilities of its parent company Tenaska to identify, develop, and optimize energy infrastructure investments while managing commercial, commodity, and financial risks. TCM's investment strategy focuses on power generation assets, midstream infrastructure, and power generation infrastructure throughout North America. The firm targets opportunities in traditional energy, renewable energy transition, and emerging technologies including solar, wind, battery storage, carbon capture and sequestration, and green hydrogen. By combining deep industry expertise with financial stability, TCM seeks to create value for its portfolio companies while supporting the broader energy transition. The firm's access to Tenaska's operational resources—including power marketing services, natural gas marketing capabilities, and generation management expertise—provides significant competitive advantages in executing and optimizing investments. Tenaska Capital Management maintains a disciplined, diversified approach to capital deployment with a focus on long-term value creation. The firm's investment professionals work closely with Tenaska's broader organization, which manages over 6,600 megawatts of generation capacity, operates as one of the top five natural gas marketers in North America through Tenaska Marketing Ventures, and provides comprehensive energy management services through Tenaska Power Services. TCM's portfolio encompasses infrastructure investments across the energy value chain, with particular emphasis on supporting the energy industry's transformation toward cleaner technologies and sustainable solutions. The firm's headquarters in Omaha, Nebraska, positions it as a regional leader while maintaining national and international investor relationships.