Tenaska Power Fund II, L.P.

Final close: $2,445 million
Date closed: October 29th, 2008

Greenhill’s Capital Advisory group acted as global placement agent for Tenaska Power Fund II, L.P., which closed in October 2008 with approximately $2.4 billion. TPF II is the follow-on fund to the $838 million Tenaska Power Fund, L.P. closed in 2005. TPF II’s investment professionals take a disciplined approach to investing in the US energy industry, including power generation, natural gas storage, pipeline and other gas midstream assets; and natural gas and power infrastructure goods and services. Tenaska is one of the largest privately held energy companies in the US Investors in TPF II include leading global financial institutions, endowments and public and private pension funds. Despite the challenging financial environment, many TPF I investors increased their allocations to the new fund. TPF II also attracted a large number of first-time investors.