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