Strategic Value Partners (SVP) Acquires Majority Stake in New Frontera Holdings
May 7, 2026
Strategic Value Partners’ managed funds (SVP Funds) acquired a majority of the equity interests in New Frontera Holdings, LLC (“Frontera”), a 530 MW natural gas-fired combined-cycle power plant in Mission, Texas. The deal is executed via SVP’s strategic partnership with EverGen Power, a platform formed in 2024 to acquire and operate critical power infrastructure across North America.
- Buyers
- Strategic Value Partners, LLC (SVP) (SVP Funds), EverGen Power
- Targets
- New Frontera Holdings, LLC (New Frontera Holdings / Frontera)
- Platforms
- EverGen Power
- Industry
- Energy
- Location
- Texas, United States
- Transaction Type
- Buyout
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