Sunday, 21 December 2014
Last updated 1 day ago
Oct 30 2007 | 12:04pm ET
AIG Highstar Capital III, an infrastructure private equity fund formed by its namesakes, has closed with capital commitments of US $3.5 billion. Over 90% of Highstar III's capital commitments were sourced from non-AIG-affiliated investors, principally from a group of pension plans, endowments, financial institutions and family investment offices, according to the AIG and Highstar.
The third fund from AIG Highstar Capital, the new offering is focused on investment opportunities in the infrastructure sector and has already invested US$2.4 billion in three U.S.-based port operators. The fund also controls two waste-management businesses in the U.S. and is a significant investor in the Kinder Morgan management buyout.
"In 2000, when we closed our first fund, infrastructure was a nascent asset class for private equity investing,” managing partner Christopher Lee said. “Today, infrastructure investing is a critical component of a successful and diversified alternative investment strategy, given its low correlation with other asset classes and relative stability of cash flow over time.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.