Affiliates of First Reserve Advisors, EnCap Investments, EnCap Flatrock Midstream, The Energy Minerals Group and Kayne Anderson Capital Advisors, investments companies have invested $1.5bn in Plains All American Pipeline, gas pipeline owner. "We believe this transaction is extremely positive for PAA and all of its stakeholders. This 'one and done' transaction enables PAA to accomplish a number of objectives, including: Immediately strengthen PAA's balance sheet and liquidity; Reinforce PAA's commitment to maintaining mid-to-high BBB and Baa credit ratings and fund its capital program in a very debt friendly manner." Greg Armstrong, Chairman and Chief Executive Officer.