Sage Midstream Ventures LLC has received an equity commitment of up to $500 million from Stonepeak Infrastructure Partners, a private equity firm focused on infrastructure investments in the energy, power & renewables, transportation, utilities, water and communications sectors.
Sage Midstream is a privately held company with a focus on acquiring and developing midstream energy infrastructure. Sage will pursue acquisition and development opportunities across the hydrocarbon value chain, including natural gas, natural gas liquids, crude oil, petrochemicals and refined products, with a broad focus on transportation, processing, fractionation, storage and marketing services.
Sidley Austin LLP served as legal counsel for Stonepeak. Willkie Farr & Gallagher LLP served as Sage management's counsel.