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.