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PRINT THIS PAGE AIG Highstar Capital II closes on $800m13/07/2005. Source: AltAssets. 
 US-based AIG Global Investment Group has announced the final closing of AIG Highstar Capital II and its affiliated funds with capital commitments of $800m. Highstar II is a group of private equity buy-out funds formed to invest in infrastructure (including energy) and related assets and businesses.
Highstar II has already made investments and commitments aggregating over $520m. The portfolio of investments and commitments currently comprises power generation facilities in the US, Mexico, Europe, Australia and Asia, and a water utility business in the US.
AIGGIG CEO Win Neuger said, 'We are extremely pleased with the Highstar II final closing, which brings total capital managed by the AIG Highstar team to well over one billion dollars. We believe the diverse group of outstanding limited partners validates our strategy of investing in infrastructure-related assets with stable cash flows and good future value potential.'
Highstar II is a successor fund to AIG Highstar Capital, which closed in November 2000 with capital commitments of $406m.
AIGGIG comprises a group of international companies that provide investment advice and market asset management products and services. AIGGIG member companies are subsidiaries of insurance and financial services company American International Group.
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