|
Longhorn Partners Pipeline Other Key Owner: JP Morgan
Longhorn Partners Pipeline Other Key Owner: JP Morgan
by Stefan Wray
Iconmedia
July 25, 2002
The other dominant partner in Longhorn Partners Pipeline - besides Williams - is Beacon Group Energy Investment Fund. This Fund, like Williams, owns 31.5% of Longhorn Partners Pipeline. The Beacon Group Energy Fund is a subsidiary of JP Morgan Partners.
According to the web site of Energy Venture Fair (www.energyventurefair.com):
"The Beacon Group Energy Funds (the "Energy Funds"), an affiliate of JPMorgan Partners, is one of the largest private equity investors committed to the energy industry, with over $1.6 billion of capital. The Energy Funds, consisting of The Beacon Group Energy Investment Fund, L.P. ("EF-I") and The Beacon Group Energy Investment Fund II, L.P. ("EF-II"), are designed to make equity investments throughout the energy industry, embracing upstream, midstream and downstream segments, and including power generation and petrochemicals."
"A primary emphasis of the Energy Funds has been strategic partnering. The Energy Funds have formed partnerships with many of the leading energy companies, including BP Amoco, ExxonMobil, Shell, The Williams Companies, Schlumberger and Bechtel. EF-I was formed in 1994 with $658 million of committed capital, all of which has been invested or committed to invest in 13 companies. The diverse portfolio of EF-I includes a Russian oil and gas company, an eastern U.S. coal company, a methanol project in Trinidad, a portfolio of oil tankers and a petroleum products pipeline. EF-II was formed in 1998 with approximately $950 million of committed capital. As of February 2001, EF-II has invested or committed to invest over $390 million in 16 companies. EF-II has a particular focus on energy and power technology, including distributed generation, power quality and storage, and e-commerce."
by Stefan Wray
Iconmedia
July 25, 2002
The other dominant partner in Longhorn Partners Pipeline - besides Williams - is Beacon Group Energy Investment Fund. This Fund, like Williams, owns 31.5% of Longhorn Partners Pipeline. The Beacon Group Energy Fund is a subsidiary of JP Morgan Partners.
According to the web site of Energy Venture Fair (www.energyventurefair.com):
"The Beacon Group Energy Funds (the "Energy Funds"), an affiliate of JPMorgan Partners, is one of the largest private equity investors committed to the energy industry, with over $1.6 billion of capital. The Energy Funds, consisting of The Beacon Group Energy Investment Fund, L.P. ("EF-I") and The Beacon Group Energy Investment Fund II, L.P. ("EF-II"), are designed to make equity investments throughout the energy industry, embracing upstream, midstream and downstream segments, and including power generation and petrochemicals."
"A primary emphasis of the Energy Funds has been strategic partnering. The Energy Funds have formed partnerships with many of the leading energy companies, including BP Amoco, ExxonMobil, Shell, The Williams Companies, Schlumberger and Bechtel. EF-I was formed in 1994 with $658 million of committed capital, all of which has been invested or committed to invest in 13 companies. The diverse portfolio of EF-I includes a Russian oil and gas company, an eastern U.S. coal company, a methanol project in Trinidad, a portfolio of oil tankers and a petroleum products pipeline. EF-II was formed in 1998 with approximately $950 million of committed capital. As of February 2001, EF-II has invested or committed to invest over $390 million in 16 companies. EF-II has a particular focus on energy and power technology, including distributed generation, power quality and storage, and e-commerce."
(In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. This website has no affiliation whatsoever with the originator of this article nor is this website endorsed or sponsored by the originator.) When available, links to the original article are provided as a convenience to our readers and allow for verification of authenticity. However, as originating pages are often updated by their originating host sites, the versions posted here may not match the versions our readers view when following the links.