FTAI Infrastructure Inc. announced on February 26, 2025, that it has completed the acquisition of a 49.9% interest in Long Ridge Energy & Power LLC from GCM Grosvenor for a total consideration of $29 million, which includes cash, a promissory note, and issuance of 160,000 shares of Series B Convertible Junior Preferred Stock. The filing also provides updated financial information related to this acquisition and its effects on the company’s finances.