Transition Equity Partners

Transition Equity Partners (TEP) is a mid-market private equity firm founded in 2020 and headquartered in Chicago, Illinois, with an additional presence in New York. The firm focuses on catalyzing the transition to cleaner, smarter, and more reliable energy infrastructure by making strategic investments that reduce the carbon intensity of North America’s energy sector. TEP targets opportunities that facilitate the multi-decade shift to low-carbon energy through growth equity and control buyout investments.

TEP concentrates its investments across three core strategies: Renewable Energy, Decarbonization Infrastructure, and the Clean Energy Supply Chain. The firm partners closely with leading developers and management teams to deliver cost-efficient, reliable, and low-carbon solutions that support the decarbonization of the economy. With over $261 million invested, TEP leverages deep industry expertise and a hands-on approach to create value and drive operational improvements in its portfolio companies.

Led by founder Pat Eilers, who has over 20 years of experience in energy infrastructure investing including senior roles at BlackRock and Madison Dearborn Partners, TEP has built a strong track record with more than $2 billion invested across the energy transition. The firm’s mission centers on generating sustainable, risk-adjusted returns while advancing Responsible Decarbonization™ in North America’s energy sector.