Managers
Private equity funds managed by Blackstone Energy Partners have closed the sale of their approximately 42 per cent stake in Cheniere Energy Partners, to Brookfield Infrastructure and funds managed by Blackstone Infrastructure Partners.
The transaction values the approximately stake at USD7 billion.
The sale represents the culmination of Blackstone Energy Partners’ eight-plus years of involvement with Cheniere. In 2012 Blackstone Energy Partners and its affiliates invested USD1.5 billion in Cheniere Energy Partners to build the first two liquefaction trains at the Sabine Pass LNG facility in Louisiana. Sabine Pass was the first LNG export facility in the lower 48 states,
Align Capital Partners (ACP) has closed the fifth strategic add-on for its utility market intelligence, data science and consulting platform E Source, with the acquisition of Excergy, a consulting and technology implementation firm that partners with water, electric, and gas utilities and municipalities.
Excergy helps customers assess, design and deploy operational technologies, such as advanced metering infrastructure (AMI) solutions, through multi-year engagements.
Based in Denver, Colorado, Excergy’s services include all aspects of a project from determining technology needs, writing RFPs, vendor selection, implementation and integration, customer communication and project management to completion.
“E Source is a great partner
Connection Capital, a specialist private client investment business, has offered its high net worth (HNW) private investor client base the chance to invest in the later stage funding rounds of UK “deeptech” businesses with the potential to disrupt global markets – and demand has been high.
Connection Capital clients committed a total of GBP5 million within less than a month to participate in the final close of the GBP100 million IQ Capital Growth Fund I (‘the Fund’ and ‘Growth Fund I’), co-investing alongside top-tier specialist private equity tech investors, such as Warburg Pincus, Accel and Draper Esprit.
The Fund is
Monument Group has advised Sunrise Capital on raising Sunrise Capital IV (Sunrise IV). The fund, which was significantly oversubscribed, closed in three months at its hard cap of USD450 million of commitments.
Sunrise Capital, a strategy of CLSA Capital Partners, is a Japan-dedicated mid-cap private equity fund.
“Monument Group’s familiarity with Sunrise Capital, and their experience working with sophisticated investors in Asia and around the world, proved instrumental in the speed and success of this fundraise,” says Megumi Kiyozuka, President & Representative Director at CLSA Capital Partners (Japan) KK. “We would like to thank our investors for their
HSBC Private Banking clients have allocated a record USD1.6 billion to hedge funds, private equity, private credit and a private REIT strategy so far in 2020.
Read the full story at Wealth Adviser…
Warburg Pincus has agreed to make a strategic investment in GA Foods, a provider of nutritional meals serving healthcare and senior customers.
The growth investment will support future strategic initiatives including continued investments in the healthcare sector and scaling the company’s manufacturing and logistics footprint.
Founded in 1973, GA Foods is a specialised maker of highly specified meals serving the unique needs of healthcare members, seniors, children, the military, and for disaster relief efforts. The Company’s services include meal design, food preparation & packaging, distribution, and integration with payor & provider systems for both home-delivered and congregate customers. These meals
International law firm Proskauer has advised One Peak on its USD30 million investment into Danish backup-as-a-service software provider Keepit.
Just six years after its founding, L Squared Capital Partners (L Squared) has exceeded USD1 billion in assets under management, with the closing of L Squared Capital Partners III at just over USD500 million.
The Firm’s family office friendly structure has hit a chord with large US-based family offices which have supported the Firm and led to an oversubscribed offering for L Squared Capital Partners III. The effort, completed in the middle of the Covid-19 pandemic, was largely driven by the Firm’s existing investors; however, L Squared was pleased to add several new high-quality limited partners to its investor base.
When the Covid-19 crisis hit, Kola Aina, partner at Lagos-based early stage fund Ventures Platform, started comparing notes with partners the company works with around the globe. The end result was the launch of the Nigeria Impact Startup Relief Facility, or NISFR, to bring together early stage investors in African startups that have been hit by the pandemic.
Private equity investing has always been rooted in forging trusted relationships between managers and investors. Relationship building has been central to its success, but the impact of Covid-19 and the move to remote working has arguably put a strain on the GP/LP dynamic this year.
As such, maintaining strong ties has become more important than ever; not only to find value in financial terms, but also in terms of communication, transparency, and a willingness among GPs to evolve with the times, in respect to fee structuring.
Over the past couple of years, the pendulum has swung between an LP-favourable and
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