Starwood Energy Group raises $1.2bn

The Connecticut-based private investment firm closes latest infrastructure energy fund.

Starwood Energy Group has held a final close for Starwood Energy Infrastructure Fund III at more than $1.2 billion, $300 million shy of the original target set by the firm at fund launch in January 2017. The fund will pursue the same strategy as its predecessors, of acquiring and developing power generation and transmission assets and other energy infrastructure projects throughout North America.

Oregon State Treasury is among the investors in the fund, which include sovereign wealth funds, pension funds, banks, funds of funds and family offices.

Starwood Energy Infrastructure Fund II closed at $983 million in December 2014.

Campbell Lutyens was the exclusive placement agent for Fund III and Kirkland & Ellis provided legal counsel.