IPE Real Assets
Summary
Pantheon Infrastructure has co-invested in a US district energy platform through funds managed by Vauban Infrastructure Partners.
The London-listed global infrastructure fund said it has invested $46.1m (€43.1m) in Cartier Energy, a provider of diversified energy services such as heat, cooling and electricity.
Cartier Energy owns Detroit Thermal Energy in Michigan; Montclair State University in New Jersey; Hartford Steam and Fuel Cell, Midtown Thermal in Atlantic City, New Jersey; Wilmington District Energy and Dover Energy in Delaware; and Industrial District Energy Assets in New Jersey and Massachusetts.
“We’re delighted to be partnering with an experienced investor and company management team as we continue to build a robust portfolio that unlocks access to sectors benefitting from strong growth drivers.”
Back in January, Vauban announced the acquisition of a portfolio of district cooling and heating systems in the US from Basalt Infrastructure Partners II and DCO Energy.
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