News
HIF – Equity consortium closes acquisition of stakes in New York’s Astoria Energy facilities
Birmingham, Alabama, June 30, 2020 – Harbert Power Fund III, LLC (“HPF II”), Harbert Power Fund V, LLC (“HPF V”) and NM Harbert Astoria LLC (“Harbert Astoria”) are pleased to announce their participation in the sale of 100% of the holdings in Astoria Power Partners LLC (“APP”) and approximately 55% of the holdings in Astoria Power Partners II LLC (“APP II” together, the “Platform”) to a newly formed holding company, Astoria Power Partners Holding, LLC (“APPH”).
The selling owners of APP include ENGIE, Mitsui & Co, Harbert Power Fund III, LLC, Harbert Power Fund V, LLC, JEMB Family L.P., and funds managed by Ares EIF Management, LLC, and selling owners in APP II include ENGIE, Harbert Power Fund III, LLC, JEMB Family L.P., NM Harbert Astoria LLC, and TIAA.
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