American Infrastructure MLP Fund

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.

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