Star America Infrastructure Partners, a New York-based infrastructure fund manager, has announced the final closing of Star America Infrastructure Fund in March, achieving its targeted goal of US$300 million.

Star America Infrastructure Fund I focuses on North American public private partnership (P3) greenfield infrastructure investments.

Since its inception, Star America has been awarded or become a partner in six public private partnerships, including South Fraser Perimeter Road in British Columbia, Canada, Portsmouth Bypass in Ohio, Northside at University of Texas in Dallas, Michigan Freeway Lighting, SH-288 in Texas and Purple Line in Baltimore.

Star America focuses on partnering with states and public agencies in delivering infrastructure projects across the transportation, social and environmental sectors.

Mark Melson, Star America’s COO said

“Star America’s targeted North American P3 strategy, combined with its extensive industry experience and successful project track record, makes Star America an exceptional fund in the infrastructure sector.”

Star America’s CEO, William A. Marino states,

“We are encouraged by the success we have achieved in attracting investors to our first fund, the commitment of our limited partners demonstrates their confidence in our investment philosophy.”

Christophe Petit, President of Star America, adds,

“We are pleased to have reached this milestone and to have generated such strong investment opportunities for the fund in such a short period of time’.

Star America Infrastructure Partners is an independent US headquartered developer and manager of greenfield infrastructure assets in North America, backed by US pension funds, insurance companies and private investors.

Star America’s investment strategy is to team on public pursuits of projects on which it will supply equity or purchase equity or preferred equity positions in infrastructure assets, primarily in greenfield public-private partnership projects.