Caliche Development Partners II Announces its First Acquisitions Following $268 Million Capital Commitment from Orion Infrastructure Capital and GCM Grosvenor
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Tuesday, November 29, 2022
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HOUSTON , Nov. 29, 2022 /PRNewswire/ -- Caliche Development Partners II (Caliche or Caliche II), Orion Infrastructure Capital (OIC), and GCM Grosvenor (Nasdaq: GCMG) today announced their partnership targeting underground storage and sequestration assets in North America. The capital commitments represent OIC's second investment with the Caliche management team, and Caliche's first with OIC's frequent investment partner GCM Grosvenor, which invested client capital. Both firms bring extensive experience in infrastructure investing to Caliche's next iteration, which will target underground assets supporting North America's transition to lower-carbon forms of energy.
Key Points:
- HOUSTON, Nov. 29, 2022 /PRNewswire/ -- Caliche Development Partners II (Caliche or Caliche II), Orion Infrastructure Capital (OIC), and GCM Grosvenor (Nasdaq: GCMG) today announced their partnership targeting underground storage and sequestration assets in North America.
- The capital commitments represent OIC's second investment with the Caliche management team, and Caliche's first with OIC's frequent investment partner GCM Grosvenor, which invested client capital.
- Caliche expects, with support from OIC and GCM Grosvenor, to explore and assess additional growth related to these assets and in these regions.
- GCM Grosvenor's experienced team of approximately 530 professionals serves a global client base of institutional and high net worth investors.