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Grosvenor places labor-friendly energy infrastructure bet

GCM Grosvenor agreed in late December to buy from Fortress Transportation and Infrastructure Investors a 49.9% interest in Long Ridge Energy Terminal, the leading multimodal terminal in the Appalachian Basin. The $150 million transaction was made by the Chicago-based firm’s Labor Impact Fund, which is a union labor-backed investment fund focused on infrastructure assets. The …

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