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Energy fundraising shifts to renewables and sustainability

There has been a structural shift in how LPs are allocating funds to energy-focused vehicles, moving away from upstream and paying closer attention to renewables and sustainable strategies.
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PE-backed midstream companies have ‘generally lower’ credit ratings

Private equity financial sponsors ‘take advantage’ of over-performance by paying themselves instead of repaying debt, according to a report from Standard & Poor’s.

Is natural gas the next big Asian opportunity?

Countries such as India, China, Japan and South Korea are aiming to attract private capital to the midstream and downstream space. But, challenges remain in some markets.

Brookfield lines up largest-ever India deal with $1.9bn purchase of gas pipeline

Firm shows continued bullishness towards India market by acquiring loss-making asset that connects gas reserves off east coast with urban centres in west.

KKR, BlackRock debut in Middle East with $4bn Abu Dhabi pipeline deal

The Abu Dhabi National Oil Company believes the deal ‘is laying the groundwork’ for further infrastructure investment by institutional investors.

EQT makes US midstream its last investment from Fund III

EQT made the last investment from its €4 billion third infrastructure fund in a US midstream business. The news comes as its fourth fundraise, targeting as much as €9 billion, looks to wrap up in the next couple of months, a source familiar with the matter said. Kodiak Gas Services, a Houston-based midstream company, is […]

Energy Capital retools lending strategy with Fund II

The US-headquartered firm’s initial vehicle posted better results in its $377m of senior debt investments than when also taking mezzanine positions into account.

KKR targets Canadian energy with new JV

New York-based KKR and SemGroup, headquartered in Tulsa, Oklahoma, announced a partnership to build out oil and gas transportation services in Western Canada’s Montney Basin and will acquire Meritage Midstream for $449 million to seed the new venture. KKR committed $385 million to take a 49 percent stake in SemCAMS Midstream ULC, which will be […]

OMERS acquires Texas oil pipeline in $1.4bn deal

The move for BridgeTex marks the Canadian pension’s ‘re-entry’ into the US midstream sector and its third energy deal in the country this year.
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