CEN to invest $40M in new midstream platform

Center Coast MLP & Infrastructure Fund (NYSE: CEN) has agreed to invest up to $40 million, through a limited partnership, in a new midstream gas gathering, processing, and transportation platform. 

The platform is being created by a midstream company and a financial sponsor to build out midstream infrastructure to support a producer's development of a natural-gas-focused resource play in North America.

This transaction represents CEN’s first private investment; CEN may allocate up to 20% of the Fund's portfolio to private investment opportunities. The transaction is expected to close in the first quarter of 2015. 

 

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