STAR AMERICA ANNOUNCE FINAL CLOSE OF INFRASTRUCTURE FUND II RAISING USD700MN

January 2022

 

Thursday, 20 January 2022

FIRSTavenue would like to congratulate Star America Infrastructure Partners on the final close of Star America Infrastructure Fund II (the “Fund”), a North American focused greenfield infrastructure fund.

The Fund surpassed its target of USD 600 million closing with USD 700 million of capital commitments which was backed by a diversified range of global institutional investors including insurance companies, pension funds, foundations, and family offices among others.

The Fund closed at more than double the size of Fund I (USD 300m) marking this as Star America’s largest fundraise to date.

Paul Buckley, Managing Partner & CEO at FIRSTavenue said: “We congratulate the Star America team on this achievement, and we are proud to have played a role in this success. We look forward to continuing our strong partnership with Star America.”

FIRSTavenue acted as Placement Agent in all territories globally excluding North America.  

About Star America

Star America, a subsidiary of Tikehau Capital, a global alternative asset management group, is a U.S. headquartered developer and manager of infrastructure assets in North America.

Star America focuses on delivering infrastructure projects primarily across the transportation, social, environmental and telecommunications sectors. Star America believes that as of year-end 2021 it has approximately $850 million of assets under management, and Star America’s track record includes investments in 16 infrastructure assets, which have a total project cost valued at greater than $5 billion. Star America’s mission is to become the preferred partner in rebuilding America’s infrastructure.

For more information on Star America, please visit www.starinfrapartners.com

About FIRSTavenue

FIRSTavenue is a leading global placement agent and advisory firm. We are focused on raising capital for private funds and companies and providing advice on private secondary transactions. FIRSTavenue operates across three asset classes: private credit, private equity and infrastructure. We are a team of over forty professionals based in four offices across the globe.

For more information on FIRSTavenue, please visit www.firstavenue.com