American Infrastructure MLP Funds has closed its second investment fund with $630 million in capital commitments, according to a filing submitted to the United States' Securities and Exchange Commission (SEC) on December 6th, 2013.
The Foster City, Calif.-based firm originally targeted $250 million (according to another filing dated as of 4 May 2012), and now manages over $1 billion in total capital.
The fund called American Infrastructure MLP Fund II, L.P had an original target of $250 million but the fund was oversubscribed and hit our hard cap of $630 million.
The firm was founded in 2006 by Bob Hellman, who previously was with McCown De Leeuw & Co. It invests via master limited partnerships, which means that its portfolio companies must have real estate or natural resource-related income streams.
American Infrastructure MLP Funds is actively seeking to invest in stable, private companies in the infrastructure, natural resources and real property sectors. Their target investments generate $10-$50 million of EBITDA and are run by outstanding management teams who are looking to grow. American Infrastructure's goal is to provide $50 to $100 million of growth equity to our portfolio companies over a long-term investment horizon.
Current investments include Nordic Cold Storage, Denbeste Water Solutions and PetroPoint Energy Solutions.
See full list of investments: http://www.aimlp.com/pages/companies