Capital: LongPoint Minerals officially announces $525m


[Context: On May 23, reported LongPoint Minerals raising $538.4m, Jefferies as adivsor, the involvement of CPPIB, and a likely affiliation with FourPoint Energy. Today the company officially announced closing $525m – with a possibility of $200m more – but made no mention of FourPoint.]

LongPoint Minerals Announces Closing of $525 Million Capital Raise

DENVER, June 8, 2016 /PRNewswire/ — LongPoint Minerals, LLC announced today the closing of its initial capital raise totaling $525 million with a lead equity commitment of $450 million from an affiliate of CPPIB Credit Investments Inc. (CPPIB Credit), a wholly owned subsidiary of the Canada Pension Plan Investment Board (CPPIB), alongside $75 million from third party investors. There will also be a second closing within 60 days for up to an additional $200 million of commitments.

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