Blackstone-led group invests $3.1B for stake in Mitsubishi's LNG Canada interest

Funds managed by Blackstone Credit & Insurance, with Canadian institutional investors including CPP Investments, agreed to invest $3.1 billion for a 49.9% non-controlling interest in the Mitsubishi Corporation subsidiary that holds its interest in the LNG Canada liquefaction business.

Why it matters: It brings big infrastructure and pension capital into one of Canada's flagship LNG export projects while Mitsubishi keeps control.