First Reserve begins marketing second infrastructure fund
First Reserve has a second infrastructure fund, First Reserve Energy Infrastructure Fund II, in the market, with a $2.5 billion fundraising goal, according to a filing with the SEC.
A recent investment is a $100 million commitment from the Maine Public Employees Retirement System. The $11.7 billion pension fund previously committed $50 million to FREIF I. First Reserve’s latest commingled fund will continue its predecessor’s strategy of investing in the “midstream” infrastructure sector, namely energy-related properties built to process, store and transport electric, gas, wind and solar power. First Reserve plans to inve