May 22, 2025

Hedge fund Jain Global cleared to acquire California-based energy marketer Anahau Energy

The acquisition follows the launch of the Jain Global hedge fund last year, in which it raised $5.3 billion from investors.

Acquisition Approved: FERC has authorized Jain Global GP LLC’s JGEM Holdco LLC to acquire all of the membership interests of Anahau Energy LLC, a California-based energy marketing and services company, according to a May 21 order. Anahau Energy is owned by Encarnacion Ventures Inc., the Gendron Trust, and the Pell Trust. Deal Breakdown: Under the purchase agreement, JGEM Holdco will ...

Details:

Filing Date: May 21, 2025

Docket Numbers:

EC25-62

Short Summary:

FERC has authorized Jain Global GP LLC’s JGEM Holdco LLC to acquire all of the membership interests of Anahau Energy LLC, a California-based energy marketing and services company, according to a May 21 order. Anahau Energy is owned by Encarnacion Ventures Inc., the Gendron Trust, and the Pell Trust.

Impact Level:

Categories:

Dealmaking & Transactions

Tags: Acquisitions & Dispositions, Energy Marketing Services, Market-Based Rate Authority

Entities: Jain Global GP LLC

Markets: California ISO (CAISO)

Regions: West

States: California

Regulators: FERC

Courts:

Documents:

Acquisition & Disposition – Application – Order Approving