Isabel O'Brien
The deal will see the Abu Dhabi SWF take a 10% interest in the firm, which owns a portfolio of natural gas and renewables assets.
Partner Andrew Pike says the GP will focus on early-stage investments, as it raised $1.4bn for its debut energy-transition fund plus $800m in ‘related transaction vehicles’.
The plan, first announced in 2018, has undergone a significant restructuring in light of complications caused by covid-19.
The public benefit corporation seeks out private money to revamp accessibility at 13 New York City Transit stations.
The sale, Aramco’s second major pipeline transaction of the year, is set to be one of the biggest infrastructure deals of 2021.