Bill Rogers, managing director and global head of sustainable energies at CPP Investments, emphasized the appeal of this dual-focus strategy. “Tallgrass presents a compelling investment opportunity due to its dual role in meeting growing energy demands while advancing decarbonization efforts,” Rogers commented. “We are eager to collaborate with Blackstone to drive the next phase of Tallgrass’s growth.”
$843M Tallgrass Energy investment : CPP Investments’ Expansive Portfolio
CPP Investments manages a diverse portfolio with approximately CA$34.2 billion ($24.92 billion) in net assets, including stakes in renewables, conventional energy, carbon capture, distributed energy services, and emerging technologies. This investment aligns with CPP’s broader strategy to support sustainable energy initiatives.
The Canada Pension Plan Investment Board, which manages funds for over 22 million contributors, operates globally with offices in major cities including Toronto, Hong Kong, London, Mumbai, New York City, San Francisco, São Paulo, and Sydney.
Legal Guidance for the Deal
The legal team from Paul Weiss Rifkind Wharton & Garrison LLP, led by partners Ravi Purohit and Megan Spelman, advised CPP Investments on this transaction. Information regarding the legal counsel for Tallgrass and Blackstone was not immediately available.
