Fundraising - JANUARY 25, 2017

Starwood raises $854m for infrastructure fund

by Jody Barhanovich

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.

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