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Center Coast MLP & Infrastructure Fund makes USD40m private equity investment

Center Coast MLP & Infrastructure Fund (CEN) has agreed to invest up to USD40.0 million, through a limited partnership, in a new midstream gas gathering, processing, and transportation platform.  

The platform is being created by a leading midstream company and a financial sponsor to build out midstream infrastructure to support a leading producer's development of a natural gas-focused resource play in North America. The transaction is expected to close in the first quarter of 2015 and is subject to customary closing conditions. 

This transaction will represent the first private investment made by CEN, which may allocate up to 20% of the Fund's portfolio to private investment opportunities. 

Dan Tutcher, founder of Center Coast, says: "We are very excited about this investment opportunity and believe it is representative of the type of private investments that Center Coast is uniquely able to provide its investors in the Fund."

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