Houston-based TPH Asset Management has launched a $100 million energy infrastructure fund.
The new vehicle was seeded by an unidentified Asian institution, the Tudor Pickering Holt & Co. affiliate said. It is managed by new hire Diego Kuschnir, who joined the firm from EQ Capital, where he also managed an energy infrastructure portfolio. Prior to his three years at EQ, Kuschnir covered energy at Barclays.
According to TPH, its Energy Infrastructure Fund will invest in pipeline, utility, transmission, gathering and processing, commodity storage and water facility stocks.
TPH added that its seed investor could provide start-up capital to other strategies as the firm expands.