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Asset/Investment Management
steelriverpartners.com

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Investments

1

Portfolio Exits

1

Funds

1

About SteelRiver Infrastructure Partners

SteelRiver Infrastructure Partners is an independent investment firm that focuses on large infrastructure projects such as power plants, electric transmission systems, ports, and water projects.

SteelRiver Infrastructure Partners Headquarter Location

One Letterman Drive Building C, 5th Floor

San Francisco, California, 94129,

United States

415-291-2200

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Latest SteelRiver Infrastructure Partners News

FSI concludes Patriot Rail and Ports acquisition

Oct 24, 2019

11 hours ago First State Investments (FSI) has wrapped up the acquisition of Patriot Rail and Ports from SteelRiver Infrastructure Partners. The financial details of the acquisition were not revealed. Patriot operates 12 short line freight railroads with over 585 track miles in 14 US states. Based in Jacksonville, Florida, the company also has a port business in southeast US. FSI said that this is its first unlisted infrastructure investment in the country. It currently manages unlisted infrastructure investments worth $8bn in the UK, continental Europe, Australia, New Zealand and North America. FSI focuses on transportation and utility mid-market companies around the world. Currently, the company manages around $156bn around the world for different institutional and retail investors. Following the acquisition, the acquired firm’s board of directors will include Patriot CEO John Fenton, FSI directors Gavin Kerr and John Ma, Patriot chairman Gilbert Lamphere, White Deer Energy former partner Alexander Lynch, Patriot vice chairman Chris McArthur and retired US Army lieutenant general Richard Timmons. In addition to line haul and local rail service, Patriot also offers other rail-related services, including railcar storage, transloading, railcar cleaning, scrapping, repair and maintenance, and contract switching. Services offered by Patriot’s ports business include terminal stevedoring, logistics and warehousing services across nine terminals. Furthermore, it offers two cold storage facilities in the south-eastern US. Ma said: “Patriot, with its strong operating business and management team led by CEO John Fenton, is now a core asset in our global infrastructure investment portfolio. “Railroads are long life assets that provide essential transportation services to a diverse customer base. We are excited to support the Patriot team and see many opportunities to continue to expand the business in North America.” First State Investments financed the deal through a term load offered by RBC Capital Markets and Barclays. Barclays and Winston & Strawn law firm advised SteelRiver, while BC Capital Markets and Mayer Brown law firm advised FSI.

SteelRiver Infrastructure Partners Investments

1 Investments

SteelRiver Infrastructure Partners has made 1 investments. Their latest investment was in Sierra Energy as part of their Unattributed on June 6, 2016.

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SteelRiver Infrastructure Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/16/2016

Unattributed

Sierra Energy

$57M

Yes

1

Date

6/16/2016

Round

Unattributed

Company

Sierra Energy

Amount

$57M

New?

Yes

Co-Investors

Sources

1

SteelRiver Infrastructure Partners Portfolio Exits

1 Portfolio Exit

SteelRiver Infrastructure Partners has 1 portfolio exit. Their latest portfolio exit was Patriot Rail on August 29, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/29/2019

Acq - Fin - II

$99M

1

Date

8/29/2019

Exit

Acq - Fin - II

Companies

Valuation

$99M

Acquirer

Sources

1

SteelRiver Infrastructure Partners Acquisitions

1 Acquisition

SteelRiver Infrastructure Partners acquired 1 company. Their latest acquisition was Patriot Rail on May 08, 2012.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

5/8/2012

$99M

Acq - Fin

1

Date

5/8/2012

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acq - Fin

Sources

1

SteelRiver Infrastructure Partners Fund History

1 Fund History

SteelRiver Infrastructure Partners has 1 fund, including SteelRiver Infrastructure Fund North America LP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/31/2008

SteelRiver Infrastructure Fund North America LP

REAL Assets

Closed

$1,900M

1

Closing Date

12/31/2008

Fund

SteelRiver Infrastructure Fund North America LP

Fund Type

REAL Assets

Status

Closed

Amount

$1,900M

Sources

1

SteelRiver Infrastructure Partners Team

2 Team Members

SteelRiver Infrastructure Partners has 2 team members, including current Chief Executive Officer, Chris Kinney.

Name

Work History

Title

Status

Chris Kinney

Chief Executive Officer

Current

Michael Cyrus

Chief Operating Officer

Former

Name

Chris Kinney

Michael Cyrus

Work History

Title

Chief Executive Officer

Chief Operating Officer

Status

Current

Former

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