BCI consortium agrees to sell Cleco to Stonepeak and Bernhard Capital

On April 27, 2026, Stonepeak and Bernhard Capital Partners announced an agreement to acquire regulated Louisiana electricity utility Cleco. The seller consortium comprised Macquarie Asset Management, British Columbia Investment Management Corporation and Manulife Investment Management. Cleco serves residential, commercial and industrial customers across 24 parishes in Louisiana. The announcement provided a signed transaction but did not itself confirm closing, a purchase price or BCI's share of proceeds. BCI's role should be identified as a seller, with its underlying portfolio relationship left open until a closing announcement is verified.