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 fund’s investor base is principally union-backed pension funds in the U.S. and Canada.

In 2018, GCM Grosvenor adopted a ‘responsible contractor policy’ that includes an agreement to proactively collaborate with North America’s . . .

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