FIC

Name

FIC

Legal name

FIC Partners Management, LP

Website

https://emeraldbridgecapital.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Infrastructure Investment Management

NAICS

Funds, Trusts, and Other Financial Vehicles (525)

SIC

Natural Gas Transmission (4922)

akta.pro primary industry

Institutional Consultants & Fiduciary Management (Investment Consulting) (FSAAAGAJ)

Keywords

• Energy infrastructure investing
• Natural gas pipelines
• LNG feedgas development
• Private equity infrastructure
• Co-investment partnerships

Headquarters

HQ city

Charlotte

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others

Core offering

FIC is an energy and power infrastructure investment firm that accelerates the development of strategic assets serving societal utility needs. The firm deploys capital into midstream natural gas pipeline projects alongside established operators such as WhiteWater and institutional co-investment partners including I Squared, Stonepeak, and Trace Capital. FIC's portfolio includes co-investment positions in the Matterhorn Express Pipeline (2.5 Bcf/d fully contracted capacity) and the Pelican Thrasher Lateral, both supporting growing LNG feedgas demand along the U.S. Gulf Coast.

Product overview

FIC is an energy and power infrastructure investment firm. Rather than offering a unified software product with modules, it operates as a financial investor and partner in strategic energy assets. The company focuses on accelerating the development of infrastructure assets serving societal utility needs, supporting an "all-of-the-above" energy future. FIC's portfolio includes investments in pipeline systems (Pelican Pipeline strategy, Matterhorn Express Pipeline) developed alongside partners including WhiteWater, Stonepeak, Trace Capital, and I Squared. No discrete named products, sub-products, or software modules are offered — the company functions as a capital partner rather than a product vendor.

Differentiator

Problem solved

Functional benefit

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• WhiteWatercoreStrategic or Co-development Partner · 1 October 2025WhiteWater is developing the Pelican Thrasher Lateral pipeline alongside FIC, Stonepeak, and Trace Capital to serve growing LNG feedgas demand along the Gulf Coast. FIC is also a joint backer of WhiteWater's stake in the Matterhorn Express Pipeline alongside I Squared. WhiteWater serves as operator with 65% stake in Matterhorn Express.

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• WhiteWater Midstream: Houston-based midstream gas developer and operator that runs both Matterhorn Express and is developing Pelican Thrasher Lateral. FIC is positioned as a repeat capital partner behind WhiteWater, making WhiteWater the closest functional peer and counterparty.
• I Squared Capital: Global infrastructure private equity firm that jointly backs WhiteWater's 65% stake in Matterhorn Express with FIC. Directly comparable as a co-developer of energy infrastructure assets with overlapping deal flow in North American midstream.
• Stonepeak: Infrastructure-focused alternative investment manager co-developing the Pelican Thrasher Lateral with FIC. Comparable in mandate (energy/power infrastructure) and deal structure (co-development with operating partners).
• Trace Capital: Co-development partner alongside FIC and Stonepeak on the Pelican Thrasher Lateral. A direct co-investor peer in midstream gas infrastructure with overlapping deal selection and counterparty relationships.
• Energy Capital Partners: Private equity firm focused on power generation, midstream, and energy infrastructure. Direct peer in mandate and asset class, with a longer track record in U.S. gas infrastructure investing.
• ArcLight Capital Partners: Energy-focused private equity firm with deep midstream and pipeline portfolio. Comparable in dedicated energy-infrastructure focus and co-investment style alongside strategic operators.

Broad incumbents

• KKR Global Infrastructure: Infrastructure platform of a global alternative asset manager, with energy infrastructure (including midstream and power) as a core vertical. A larger, more diversified incumbent investor that competes for the same deal flow FIC targets.
• Brookfield Infrastructure Partners: Large-scale publicly listed infrastructure vehicle with midstream, utility, and energy transition assets. A broad incumbent that invests in similar energy-infrastructure assets and competes for large co-investment opportunities.
• Enbridge: Major North American midstream pipeline operator and a 10% owner of Matterhorn Express. Comparable in operating business (natural gas transmission) and as a co-investor in the same Permian-to-Gulf value chain.
• MPLX: Large-cap U.S. midstream MLP and 10% owner of Matterhorn Express. Comparable as both a gas pipeline operator and a long-haul counterparty in the same Permian takeaway system that FIC is invested in.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FIC