Brightstar Capital Partners raises $929m

The New York-based investment firm has raised capital for its second North America-focused vehicle. 

Fund name: Brightstar Capital Partners Fund II
Target size: $1 billion
Amount raised: $929 million
Predecessor fund: Brightstar Capital Partners Fund I

Brightstar Capital Partners has raised $929 million for Brightstar Capital Partners Fund II, according to recent US Securities and Exchange Commission filings. It is unclear whether this was a final or interim close. The fund will invest in North America-based companies in the renewable infrastructure, industrial and TMT sectors. Since its launch, the fund has attracted commitments from 173 institutional investors.

The fund’s predecessor, Brightstar Capital Partners Fund I, held a final closing in March 2018 at $710 million.