Term Sheet

The latest on private equity, M&A, deals and movements — from Wall Street to Silicon Valley

American Infrastructure raises $800 million fund

December 9, 2013: 4:05 PM ET

CaptureAmerican Infrastructure MLP Fund busts through its target.

FORTUNE -- American Infrastructure MLP Fund has closed its second investment fund with $800 million in capital commitments, Fortune has learned. The Foster City, Calif.-based firm originally targeted $750 million, and now manages over $1.5 billion in total capital (including co-investment opportunities afforded LPs).

The Foster City, Calif.-based 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. Typical targets generate between $7 million and $30 million in EBITDA.

Current investments include Nordic Cold Storage, Denbeste Water Solutions and PetroPoint Energy Solutions.

Sign up for my daily email newsletter on deals and deal-makers: GetTermSheet.com

Join the Conversation
About This Author
Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

Email a Tip | @danprimack | RSS
Current Issue
  • Give the gift of Fortune
  • Get the Fortune app
  • Subscribe
Powered by WordPress.com VIP.