Latham & Watkins Advises FIC on Continuation Vehicle, Advancing Its Existing Collaboration With Matterhorn Express Pipeline

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 cubic feet per day (Bcf/d), linking the Permian Basin to essential demand centers 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.

Latham & Watkins LLP advised FIC in the transaction with a corporate team led by Houston partner Ivana Rouse, with associates Nick McCoy, Molly Nelson, and Ryan Kazemaini. Advice was also provided on tax matters by New York partner Michael Milazzo, with associates Eni Kassim and Roxanna Abdoli; on regulatory matters by Washington, D.C. partner Aaron Gilbride, with associate Haley Hohensee; and on executive compensation and benefits matters by Washington, D.C. partner Adam Kestenbaum.