Final close for InstarAGF Essential Infrastructure Fund II

InstarAGF Asset Management Inc., announced the final closing of its latest flagship infrastructure fund, the InstarAGF Essential Infrastructure Fund II, with approximately US$ 1.2 billion in aggregate equity commitments from institutional and high net worth investors across Canada, Europe, the United States, the Middle East, and Asia.  Fund II, which exceeded its US$ 1.0 billion targets, achieved an 80% participation rate from existing investors, reflecting the team’s focus on building long-term relationships with its limited partners.

Fund II, which has already deployed approximately 35% of its capital, focuses on high quality civil, utilities and energy infrastructure assets that exhibit sustainable downside protection, typically as a result of long-term contracts, concession agreements or a regulatory regime, and where InstarAGF’s discipline, expertise and ability to add value to the asset creates the potential for capital appreciation.