March 18 (Reuters) - Global investment firm Avenue Capital Group said on Tuesday it will sell a portfolio of energy transition-focused assets in California to Partners Group for $2.2 billion.

The assets, which include 11 natural gas-fired power plants, will be sold by Avenue Golden Continuation Fund, a fund managed by Avenue and operated by Middle River Power.

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Avenue, which has over $11 billion in assets under management, said Guggenheim Securities and Morgan Stanley & Co. acted as financial advisers on the deal for the company.

https://www.reuters.com/markets/deals/avenue-capital-group-sell-some-assets-california-22-billion-2025-03-18/