Saturday, 30 August 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...