Stonepeak commits up to $500 mln for Sage Midstream Ventures plan
Stonepeak Infrastructure Partners committed as much as $500 million to enable Sage Midstream Ventures LLC of Houston to pursue midstream acquisition and development opportunities in North America. Stonepeak is the New York private equity firm focused on infrastructure investments in energy, power and renewables, transportation, utilities, water and communications. Sage in a statement said it would pursue opportunities “across the hydrocarbon value chain, including natural gas, natural gas liquids, crude oil, petrochemicals and refined products.” Jack Howell, Luke Taylor and Forrest Wylie of Stonepeak will join Sage's board. Sidley Austin LLP advised Stonepeak on legal matters while Willkie Farr & Gallagher LLP was Sage management's counsel.
