CPPIB to invest $1 bln in energy infrastructure in Western Canada
The Canada Pension Plan Investment Board (CPPIB) has agreed to partner with Wolf Infrastructure Inc to form a midstream energy infrastructure vehicle focused on opportunities in Western Canada. Wolf will identify and evaluate opportunities for the vehicle to acquire, expand and develop midstream assets supporting natural gas and oil and natural gas liquids production. CPPIB will provide the funding for acquisitions and the development of assets. It said the vehicle will initially invest more than $1 billion. The team at Calgary-based Wolf most recently led Mistral Energy Inc, which has been backed by U.S. private equity firm Riverstone Holdings.
30 September 2015•3 mins read
