Wednesday, 23 July 2014
Last updated 10 hours 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…