BoI invest in AIG Highstar Capital

Bank of Ireland Private Banking today announced that it has invested €100m on behalf of its clients in a new US Infrastructure Private Equity deal.

The investment vehicle, AIG Highstar Capital, invests in entities that provide infrastructure services and products such as water, energy, transportation and waste management within the US and worldwide.

AIG Highstar Capital is managed by AIG Global Investment Corp., a subsidiary of American International Group, Inc.

Peter Collins, director of property, Bank of Ireland Private Banking commenting on the rationale behind investing in infrastructure said: "We have targeted infrastructure opportunities as part of our on-going expansion and diversification of our investment offering on behalf of private clients. This is due to the relatively stable nature of infrastructure as an asset class coupled with increasing demand for more and improved quality of infrastructure assets, which to us represents a compelling investment opportunity."