Starwood Capital Group has raised $854 million for Starwood Energy Infrastructure Fund III, according to a filing with the SEC. The firm did not comment on its fundraising efforts.
Starwood Energy Infrastructure Fund III is a closed-end, opportunistic infrastructure fund that will invest in energy infrastructure assets, particularly natural gas and renewable power generation and transmission assets in the United States. The fund has a maximum fundraising target of $1.5 billion.
The fund received a $150 million commitment from the $68.5 billion Oregon Public Employees Retirement Fund, in December 2016.
The fund’s predecessor, Starwood Energy Infrastructure Fund II, held a final close in 2013, raising $983 million in capital commitments. The fund invested in energy infrastructure assets. Starwood Energy also targets both greenfield and brownfield development opportunities.