Harbert Power Fund III, Harbert Power Fund V and NM Harbert Astoria have sold 100 percent of their holdings in Astoria Power Partners and approximately 55 percent of the holdings in Astoria Power Partners II LLC (APP II together, the Platform) to a newly formed holding company, Astoria Power Partners Holding.
The selling owners of APP include ENGIE, Mitsui & Co., Harbert Power Fund III LLC, Harbert Power Fund V LLC, JEMB Family L.P., and funds managed by Ares EIF Management LLC. The selling owners in APP II include ENGIE, Harbert Power Fund III LLC, JEMB Family L.P., NM Harbert Astoria LLC and TIAA.
APPH, the buyer, is composed of a consortium of equity investors including APG, MEAG (Munich Re’s asset manager acting for investors from within Munich Re Group), Clal Insurance Co., and other U.S. institutional investors.
APP wholly owns Astoria Energy LLC, which owns and operates a 615 MW dual-fuel combined cycle generating facility located in Astoria, Queens
