Investment firm Quintana Infrastructure & Development (QID) and Astarte Capital Partners have teamed up to make over $1.5bn (€1.4bn) worth of mid-market, value-add infrastructure investments in North America.
The pair said they have formed Quintana Adaptive Infrastructure (QAI) Capital, to focus on the infrastructure verticals of data and technology, industrial and environmental, decarbonisation and energy transition.
QAI Capital will target equity investments of $20 to $80m. The venture’s plan includes developing greenfield and brownfield assets into operating companies; the acquisition of mature assets and repositioning or repurposing them into viable platforms; and the provisioning of growth capital to evolving businesses.
QAI Capital’s plan is to transition its investments into core or core-plus assets.
Stavros Siokos, co-founder and managing partner of Astarte Capital Partners, said QID’s experience and unique access to impactful projects across North America will provide benefit to ”our investors as well as the local communities that our projects and companies will serve”.
”We believe that infrastructure is one of the industries where investors and private capital have significant ability to deliver impact, and QAI is well-positioned to do that.”
Will Robertson, managing partner of Quintana Infrastructure & Development, said: “Astarte’s investment experience and capital reach will provide us with invaluable support and expertise, particularly in ESG matters, as we access the plentiful landscape of value-add infrastructure opportunities in North America.”
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