Asia-focused private equity firm RRJ Capital and Singapore’s sovereign wealth fund Temasek Holdings are joining forces again to support Houston-based Cheniere Energy Inc. This time, the two plan to subscribe US$1 billion convertible notes issued by the natural gas company, according to media reports.
In May 2012, RRJ and Temasek invested US$468 million for a 19% stake of Cheniere Energy.
Other financial investors in Cheniere include a unit of Blackstone Group’s GSO Capital and Seatown Holdings, the hedge fund arm of Temasek. They invested an undisclosed amount in Cheniere in Febuary 2013.