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I Squared Capital invests in Venture Global LNG

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LNG Industry,

I Squared Capital, through its ISQ Global Infrastructure Fund II, has invested US$460 million in convertible equity securities in Venture Global LNG, as part of an US$675 million equity capital raise announced by Venture Global LNG on 27 June 2019, to contribute to the development of the company’s LNG export facilities on the Gulf Coast of the US.

“We are excited to support Venture Global LNG and its exceptional management team for years to come as they become a global leader in LNG production, leveraging both their highly cost-efficient liquefaction technology and affordable US shale gas,” said Gautam Bhandari, Managing Partner at I Squared Capital. “Our investment gives us exposure to Venture Global’s entire pipeline of highly innovative projects, which will transform how LNG liquefaction facilities will be built in the future.”

Venture Global LNG co-CEOs Bob Pender and Mike Sabel jointly stated: “We are delighted to partner with I Squared Capital, a leading global infrastructure investor, as we build over 60 million tpy of LNG production capacity in Louisiana. This investment will support the development of our pipeline of opportunities along the Gulf Coast.”

I Squared Capital’s investment will be used for the further development of Venture Global LNG’s current projects, all of which will employ a comprehensive process solution from Baker Hughes, a GE company that utilises highly efficient mid scale, modular, factory-fabricated liquefaction trains.

UBS Securities served as financial advisor and Sidley Austin LLP served as legal counsel for I Squared Capital on this transaction.

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