Starwood Energy Group Global, LLC, a leading mid-market energy infrastructure investment manager, is pleased to announce the final closing of its latest fund, Starwood Energy Infrastructure Fund III, with total capital commitments of over $1.2 billion.
SEIF III will continue the successful strategy employed by the Firm's predecessor funds Starwood Energy Infrastructure Fund ("SEIF I") and Starwood Energy Infrastructure Fund II ("SEIF II") of acquiring and developing power generation, transmission and other energy infrastructure projects in energy-constrained markets throughout North America.
Himanshu Saxena, CEO of Starwood Energy Group, said: "We are delighted and grateful for the strong support we have received from leading global energy and infrastructure investors and look forward to delivering value for them. The rapidly evolving fundamentals of the North American energy markets provide significant value-add opportunities for private capital investment and we are excited about the future ahead."
Barry Sternlicht, Chairman of Starwood Energy Group, commented: "Starwood Energy Group has developed a leading reputation in the energy infrastructure landscape. The team's industry experience and value-add approach has clearly resonated with some of the world's most sophisticated investors."
SEIF III's investor composition includes sovereign wealth funds, pension funds, banking groups, insurance companies, fund of funds and family offices with geographic representation from across North America, Europe and Asia Pacific.
Campbell Lutyens & Co. Ltd acted as exclusive global placement agent for the offering and Kirkland & Ellis LLP acted as legal counsel.
About Starwood Energy Group Global, LLC
Starwood Energy Group is a private investment firm based in Greenwich, CT that specializes in energy infrastructure investments. Through its general opportunity funds and other affiliated investment vehicles, Starwood Energy Group has raised equity commitments of totalling more than $3 billion and has executed transactions totalling more than $7 billion in enterprise value. The Starwood Energy Group team brings extensive development, construction, operations, acquisition and financing expertise to its investments, with a focus on the natural gas and renewable power generation, and transmission sectors. Starwood Energy Group is an affiliate of Starwood Capital Group Global, L.P. Additional information about Starwood Energy Group as well as Starwood Capital Group can be found at www.starwoodenergygroup.com