Kirkland Advises Morgan Stanley Infrastructure Partners on Agreement to Sell 831MW Red Oak Power Facility
Kirkland & Ellis advised Morgan Stanley Infrastructure Partners (MSIP), the private infrastructure investment platform of Morgan Stanley Investment Management, on an agreement to sell its ownership stake in TigerGenCo Red Oak Holdings, LLC (Red Oak) to funds managed by Strategic Value Partners. Located in Sayreville, New Jersey, Red Oak is part of the PJM Interconnection, which is North America’s largest power market. MSIP acquired the 831-megawatt combined cycle power plant in 2017 and has managed the facility through its power asset management platform TigerGenCo, which also manages MSIP’s investment in Bayonne Energy Center. The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions and regulatory approvals.
The Kirkland team included corporate lawyers Rob Goodin, Blake Longoria, Gabrielle Sumich, Phil Greenfield and Claire Wolf; debt finance lawyers Rohit Chaudry and Jia Ying; tax lawyers David Wheat and Rebecca Fine; and energy regulatory lawyers John Decker and Andrew DeVore.
