Canadian Investment Fund Buys $500 Million Stake in Howard Energy | 2016-08-22 | Natural Gas Intelligence

The Alberta government’s investment arm announced Monday that it has agreed to purchase a $500 million stake in Howard Energy Partners LLC, a San Antonio-based midstream company with assets in the Eagle Ford and Marcellus shales but also recently expanding into Mexico.In a statement, the Alberta Investment Management Corp. (AIMCo) said it completed its initial purchase of US$300 million in Series B Preferred Units in Howard Energy on Monday, and is committed to buying an additional US$200 million in units in the future. The purchases were made “on behalf of certain of its clients.”

Source: Canadian Investment Fund Buys $500 Million Stake in Howard Energy | 2016-08-22 | Natural Gas Intelligence

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