By: La Tabla/Data Journalism Platform 3 FEB 2026
The American company that purchased the first shipment of Venezuelan liquefied gas (LPG) has an unexpected connection with Real Madrid: they share the same investment fund.
The Providence, Rhode Island terminal that stores this gas is operated by Sea‑3, a company acquired in 2017 by Blackline Midstream. This joint venture was formed by Blackline Partners and TPG Sixth Street Partners (TSSP), the credit arm of the private equity giant TPG.
Specifically, Sixth Street is the same fund that signed a strategic alliance with Real Madrid in 2022. They invested 360 million euros in exchange for the right to receive up to 30% of the revenues generated by the renovated Santiago Bernabéu for 20 years. The agreement was finalized between Sixth Street’s CEO, Alan Waxman, and the club’s president, Florentino Pérez.
Consequently, the common thread is TPG/Sixth Street’s capital, which flows into both critical energy infrastructure in the United States and one of the world’s most valuable sports assets.