Kirkland & Ellis advised Elda River Capital Management on its launch as an independent real assets-focused investment firm. Elda River announced its formation on March 1, 2024 and is launching with approximately $1.5 billion in assets under management in a spin out from Magnetar. The newly independent firm has offices in Houston; Evanston, Illinois and London. Elda River is led by co-managing partners Eric Scheyer and Adam Daley, who were both former partners at Magnetar and co-heads of Magnetar’s Energy & Infrastructure business. Read the press release The Kirkland team was led by investment funds partners Andrew Nichol, Matthew Nadworny and Jordan Murray and tax partners Stephen Butler and Adam Nguyen.