About This Fund
Arroyo Energy Investors Fund II is the second private equity infrastructure fund managed by Arroyo Energy Investment Partners, a Houston, Texas-based investor specializing in energy infrastructure and power assets across North America. The fund closed in 2015 at approximately $355 million in limited partner commitments, successfully establishing Arroyo as a systematic acquirer of energy infrastructure and power generation assets. Fund II has been fully realized and is in liquidated status, with capital having been returned to limited partners following the monetization of the portfolio.
Arroyo's investment strategy focuses on acquiring equity interests in existing energy infrastructure companies and late-stage project assets, with a preference for power generation, midstream energy, and related industrial infrastructure. The fund targets projects and businesses where operational improvement, development completion, or strategic repositioning can generate superior risk-adjusted returns for institutional investors. As an infrastructure-oriented vehicle, Arroyo emphasizes assets with contracted cash flows, regulated revenue streams, or dominant market positions that provide downside protection alongside growth optionality.
Fund II represents an important chapter in Arroyo's track record, demonstrating the firm's ability to source, acquire, operate, and monetize energy infrastructure assets across fund cycles. The success of Fund II directly informed the investment thesis and portfolio construction of Arroyo Energy Investors Fund III, which closed in 2019 at $525 million—50 percent larger than Fund II—and subsequently Arroyo Investors Fund IV, which closed in July 2025 at over $1 billion in total equity commitments. Across its fund family, Arroyo Energy Investment Partners has sponsored nearly $2 billion of equity capital investments since inception, building one of the most specialized energy infrastructure platforms in the mid-market segment of North American private equity.