FIC announces further collaboration with Matterhorn Express Pipeline
Published by Alfred Hamer,
Editorial Assistant
World Pipelines,
FIC, an investment firm with a focus on critical infrastructure assets across the energy and power use value chains, has closed on a GP-led secondary transaction for a portion of its existing equity interest in the Matterhorn Express Pipeline (Matterhorn). Matterhorn is a strategically positioned natural gas pipeline with a capacity of 2.5 billion ft3/d, linking the Permian Basin to essential demand centres across Texas and the Gulf Coast – from power generation and industrial markets to LNG export terminals. Matterhorn was placed into service in November 2024 and is fully contracted.
“FIC is excited about continuing its successful partnership with the WhiteWater team through the next phase of growth for Matterhorn,” said Cay Freihofer, Co-Managing Partner of FIC. “Matterhorn is a world-class infrastructure platform, well positioned to serve essential and growing demand centres that we believe position the investment for continued success,” added Co-Managing Partner Cyrus Aghili.
A diverse syndicate of high-quality institutional investors provided new capital for the continuation vehicle. The transaction allows FIC to support the platform’s future growth while providing FIC’s pre-existing limited partners the opportunity to monetize performance on a successful investment in Matterhorn. Following the transaction, funds managed by FIC own WhiteWater Matterhorn InvestCo, LLC (MXP HoldCo) alongside I Squared and WhiteWater Midstream. WhiteWater Midstream, through MXP HoldCo, operates Matterhorn.
Evercore acted as financial advisor and exclusive placement agent to FIC on the transaction, while Latham & Watkins and Milbank provided legal counsel.
Read the annual Americas issue of World Pipelines magazine for Americas-focused pipeline news, project stories, industry insight and technical articles.
World Pipelines’ Americas 2025 issue
The 2025 issue of our annual Americas supplement offers analysis of pipelines in the Americas, with regional news updates, in-depth project analysis, commentary, and information on regulations, standards, compliance and more. Don’t miss the update on the Alaska LNG project from Pantheon Resources, and ABS on transporting CO2.
Read the article online at: https://www.worldpipelines.com/business-news/29072025/fic-announces-further-collaboration-with-matterhorn-express-pipeline/
You might also like
The World Pipelines Podcast - Protecting high value assets with AMPP
Juan Caballero, Chair of the AMPP Board of Directors, talks about AMPP's global efforts to prevent corrosion and to protect assets, offering insight into how the association listens to its members and serves the pipeline industry.
Tune in to the World Pipelines Podcast on your favourite podcast app today.
