Partners Capital Solutions Fund’s $250 Million Investment in Caprock Midstream


Bracewell LLP counseled Global Infrastructure Partners Capital Solutions Fund (GIP CAPS) in its majority position in a preferred equity investment of up to $250 million in Caprock Midstream (Caprock).

Proceeds from the investment will be used to fund the expansion of Caprock’s natural gas gathering and processing assets in the Delaware Basin in the Permian Basin. GIP CAPS was formed by Global Infrastructure Partners, an independent fund manager that manages over $40 billion for its investors, to provide custom tailored financing solutions across energy and other infrastructure projects.

The deal closed on September 13, 2017.

GIP CAPS is the credit arm of Global Infrastructure Partners (GIP), an independent fund manager that invests worldwide in infrastructure assets and businesses in both OECD and select emerging markets countries. GIP CAPS was formed to make “non-equity” investments, with the ability to transact across multiple entry points in the capital stack. GIP CAPS targets energy, transport, water and waste and other industries or projects with infrastructure-like characteristics. GIP CAPS provides custom tailored financing solutions across a breadth of capital needs, including greenfield and brownfield projects, acquisition finance, liquidity and growth, restructuring and secondary purchases.

Bracewell advised with a team including Thomas M. Tomlinson (Picture), Timothy C. Langenkamp, Elizabeth L. McGinley, Heather Palmer, Rebecca L. Baker, Rebecca Keep, Tony L. Visage, Seth M. Cohen, William A. Wood III, Daniel E. Hemli, Gary W. Orloff, W. Cleland Dade, Joshua C. Zive, Allison K. Perry, Edmund W. Robb, Tamara L. McKinzie, Kathy Witty Medford, Tyler C. Lohse, Hobie Temple, Jonathan L. Seliger, Emily A. Banse, Caitlyn N. Dockendorf and Andrew W. Monk.

Involved fees earner: Thomas Tomlinson – Bracewell & Giuliani; Timothy Langenkamp – Bracewell & Giuliani; Gary Orloff – Bracewell & Giuliani; Cleland Dade – Bracewell & Giuliani; Kathy Witty Medford – Bracewell & Giuliani; Tyler C. Lohse – Bracewell & Giuliani; Andrew Monk – Bracewell & Giuliani; Edmund Robb – Bracewell & Giuliani; Tamara McKinzie – Bracewell & Giuliani; Hobie Temple – Bracewell & Giuliani; Jonathan Seliger – Bracewell & Giuliani; Caitlyn Dockendorf – Bracewell & Giuliani; Elizabeth McGinley – Bracewell & Giuliani; Allison Perry – Bracewell & Giuliani; Heather Palmer – Bracewell & Giuliani; Rebecca Baker – Bracewell & Giuliani; Rebecca Keep – Bracewell & Giuliani; Emily Banse – Bracewell & Giuliani; Tony Visage – Bracewell & Giuliani; Seth Cohen – Bracewell & Giuliani; William Wood III – Bracewell & Giuliani; Daniel Hemli – Bracewell & Giuliani; Joshua Zive – Bracewell & Giuliani;

Law Firms: Bracewell & Giuliani;

Clients: Global Infrastructure Partners;

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Author: Ambrogio Visconti