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Investment Banker·Clean Energy·Grid Infrastructure

Tyler Miller

Partner; Global Co-Head, Power, Utilities & Infrastructure at Goldman Sachs

New York, NY

TM
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Why they matter

Top-of-market power-and-utilities banker at the most-prestigious U.S. bank. The first call for large-cap M&A in the sector.

Background

Partner at Goldman Sachs (Natural Resources group) and Global Co-Head of Power, Utilities & Infrastructure since November 2024. Nearly 25 years in energy and power banking. Joined Goldman from Citigroup, where he served as Managing Director and Head of Power, Utilities and Renewables. Prior to Citi, Managing Director in power and utilities investment banking at Barclays; earlier roles at Lehman Brothers and Merrill Lynch. BS Business from Bucknell, MBA from Columbia Business School.

Notable deals

  • 2024
    Joined Goldman Sachs as Partner and Global Co-Head of Power, Utilities & Infrastructure.
  • 2023
    Led Citi's Power, Utilities & Renewables franchise during a peak period of U.S. utility M&A and renewables platform formation.

Call-prep brief

Background

Tyler runs Goldman's global P&U&I franchise after spending most of his career as a builder at Barclays and then Citi. The move to Goldman as a fresh partner signals an aggressive push by Goldman into the space.

What he cares about

  • Large-cap utility M&A and take-private structures (post-AES BlackRock/EQT, the playbook is reset).
  • Renewable platform formations with strategic capital partners.
  • Cross-border flow into U.S. infrastructure from sovereign and Middle Eastern capital.

Recent moves

  • Goldman Sachs partner appointment (November 2024).
  • Has been actively rebuilding Goldman's senior-banker bench in P&U.

Sensitivities

  • Senior banker; expect tight, well-rehearsed messaging.
  • Mid-market buyer like [Firm] is not his core counterparty universe; frame the conversation as intelligence-share or co-bid scenarios.

Questions to ask

  1. Where does he see U.S. utility M&A volume going in 2026 post the AES precedent?
  2. Which renewable platforms are most likely to come to market vs. continue private growth?
  3. How is sovereign capital allocation into U.S. infrastructure shifting under the current administration?

Outreach draft

Subject
Mid-market complementarity to GS power coverage
Mr. Miller, I lead infrastructure investing at [Firm]. The Goldman P&U&I franchise sets the gravity for the entire space; we'd like to introduce [Firm] as an active mid-market buy-side counterpart that complements Goldman's large-cap mandates. Would you have 20 minutes for an intro conversation in the next month? Best regards, [Your name] [Your firm]

Linked companies

Sources