Firm Advises OppenheimerFunds in Acquisition of SteelPath

July 19, 2012

OppenheimerFunds, Inc., one of the nation's largest and most respected investment management companies, acquires leading MLP investment manager.

On July 17, it was announced that Willkie client OppenheimerFunds, Inc. entered an agreement to purchase SteelPath Capital Management and SteelPath Fund Advisors (SteelPath), a leading energy infrastructure investments company focused on the Master Limited Partnership (MLP) sector. With approximately $2.6 billion in assets under management, Dallas, TX-based SteelPath offers MLP-focused mutual funds as well as privately available products. One of the nation's largest and most respected investment management companies, OppenheimerFunds, including subsidiaries, manages more than $176 billion in assets.

The deal was handled by partners David Boston, Russell Leaf, James Silk, Christopher Peters and Joseph Riley and associates Jacob Kleinman, Marc Ponchione, Jordan Messinger, Hania Masud, David Marley, Neesa Patel and Vadim Avdeychik.