TPG Pace Energy Holdings Corp. (NYSE:TPGE) announced that it has entered into a subscription agreement for a private placement of 35,500,000 shares of class A common stock at a price of $10 per share for gross for gross proceeds of $355,000,000 on March 20, 2018. The round will include participation from certain funds and accounts managed by Fidelity Management & Research Company, Davis Selected Advisers, L.P., Capital Research and Management Company, along with TPG Holdings III, L.P., Stephen Chazen, the President, Chief Executive Officer and Chairman of the company, and several other leading institutional investors. Stephen Chazen and certain other executives of the company invested $25,000,000 in the round. The transaction is conditioned upon the satisfaction or waiver of all conditions precedent to the closing of the transactions contemplated by the Eagle Ford Contribution Agreement and other customary conditions, and is expected to close concurrently with, the business combination. The transaction was unanimously approved by the board of the company and remains subject to the approval of the shareholders.