Victor Khosla Takes Activist Stake at New Fortress Energy with 14.7% Holding

Victor Khosla Takes Activist Stake at New Fortress Energy with 14.7% Holding

Victor Khosla, through Strategic Value Partners and affiliated funds, disclosed a 14.7% beneficial stake in New Fortress Energy Inc. common stock on an as-converted basis. The position stems from a September 11, 2026 debt-for-equity exchange completed under the company’s restructuring support agreement. The deal gives Khosla’s group meaningful influence, including voting rights on an as-converted basis and a right to nominate a director.

Investor Intent

Khosla’s group plans to stay engaged with New Fortress Energy’s leadership and other shareholders on performance, strategy, capital structure, and governance. Under the restructuring agreement, the investors "may nominate a nominee to serve on the Issuer's board of directors," signaling an intent to shape oversight.

They also left the door open to change the size of their investment over time and to revisit their plans as conditions evolve.

Investor's Background

Victor Khosla is the founder of Strategic Value Partners, a global investment firm focused on distressed debt and special situations. SVP manages multiple funds that buy, hold, and sell securities t...