White Deer first backed the asset, a thermal management solutions provider, through it's second energy fund in 2014.
Syndicate investors and existing Gainline LPs and GPs also backed the oversubscribed continuation fund for a commercial fitness equipment company.
The continuation fund, managed by Victory Hill, will hold two operating liquid storage terminals in the Port of Brownsville.
The Connecticut-based manager specializes in energy infrastructure investments, including renewable power generation, battery storage, and midstream and downstream assets.
The single-asset CV was executed alongside the sale of a 50% stake in the Peruvian power generation company to CPP Investments.
The single-asset vehicle centers on a midstream energy platform that the firm initially backed in 2017 through Five Point Capital Midstream Fund II.
The single-asset vehicle extends the infrastructure specialist's hold on a Peruvian private power generation company.
The single-asset vehicle increased the Spanish manager's stake in an energy transition platform.
The network spans thousands of kilometres across Saudi Arabia and generates tariff revenue under a 25-year lease agreement.
New developments emerge on EMG's proposed continuation fund process for Ohio's largest natural gas and oil producer.
