FLAG Capital Management has had a $200 million final close on FLAG Energy & Resources Partners III, an infrastructure fund of funds, according to a filing with the SEC.
The fund of funds launched on June 30, 2012, with a $200 million fundraising goal. It will invest in infrastructure funds with a focus on energy funds.
FLAG has invested globally in real assets since 2005. The firm’s real estate focus is in opportunistic and value-add funds that have primary underlying property types including office, industrial, retail, multifamily and hospitality, with a secondary focus of a limited exposure in niche property types such as medical, storage, university, and specialty leisure.
The firm’s natural resources approach includes investments in asset classes including energy, energy infrastructure and other resources-related funds, including timber, agriculture and metals/mining.