Transition Equity Partners, a private equity firm based in Chicago, led a $189m funding round in Trinity Gas Storage, a natural gas storage firm, with participation from Pan Capital Management, Abrdn, SailingStone Capital Partners and Rice Investment Group. "We are thrilled to commence construction on this much-needed storage facility. Our team has worked tirelessly to get to this point, and we recognize the immense importance of this project which will enable Texas to better manage energy supply fluctuations, ensuring a stable source of power even during periods of peak demand and extreme weather events. We're grateful to partner with TEP, whose effectiveness in securing capital and assistance in development has been invaluable in making this storage project a reality," Jim Goetz, Trinity CEO.