Infrastructure deal flow looks set to be slower than in 2009. Unlisted Infrastructure Fund Managers have completed 41 deals in 2010 to date, while a total of 177 deals were made by fund managers in 2009.
Hastings Funds Management and Zachry Hastings Alliance recently purchased a combined 55% stake in the Freeport LNG Terminal, a liquefied natural gas (LNG) receiving and regasification terminal located in Texas. 30% was bought from Cheniere Energy and the remaining 25% from an unidentified seller. Venable acted as the legal advisor to the purchasing consortium.
To view more information on infrastructure fund managers activity, see Preqin's Infrastructure service click here