InstarAGF Asset Management Inc. has completed a final close of its latest flagship infrastructure fund, InstarAGF Essential Infrastructure Fund II, exceeding its $1 billion target.
The fund collected $1.2 billion in equity commitments from institutional and high-net-worth investors across Canada, Europe, the United States, the Middle East and Asia. InstarAGF said 80 percent of the capital came from existing investors.
“InstarAGF was formed to capture the distinctive value proposition of the middle market, which is where a majority of the infrastructure investment need exists in North America,” said Gregory Smith, president and CEO of InstarAGF. “We are well positioned to capitalize on diverse opportunities in our targeted sectors, where macro trends support considerable long-term demand for infrastructure investment and expansion to ensure the provision of high-quality essential services.”
Fund II focuses on high-quality civil, utilities and energy infra
