May 20, 2022
Weil has advised Astarte Capital Partners LLP on its partnership with Quintana Infrastructure & Development LLC (QID) to form Quintana Adaptive Infrastructure Capital (QAI Capital or QAI). QAI will target more than $1.5 billion of mid-market, value-add infrastructure investments in North America. The primary focus is on adaptive infrastructure assets that will address the changing societal needs which lead to resilient infrastructure requirements for this generation and the next.
Astarte Capital Partners LLP is an asset manager focusing on sustainable real assets across Europe and North America, primarily in mid-market opportunities within the areas of real estate, infrastructure, energy transition and natural capital. Astarte aims to provide access for institutional capital in specialist areas of real assets that are supported by the major macroeconomic themes, such as demographic shifts, resource efficiency, technology evolution and climate change mitigation. QID is an investment firm established in 2011 by Will Robertson, focusing on value-add mid-market infrastructure opportunities in North America across three main verticals – data and technology, industrial and environmental, and responsible energy and power.
The transatlantic Weil team was led from London by Private Funds Partner James Bromley, working alongside Private Equity Infrastructure Partner Ed Freeman and U.S. Private Equity counsel Brittany Butwin.
Private Funds partner James Bromley commented: “We are delighted to have continued our long-standing partnership with Astarte Capital Partners LLP and assisted them on the creation of QAI. The transaction leveraged our expertise in complex funds advisory matters with support from our global real asset capability to create an exciting new infrastructure investment platform. It is another example of our strength in the field of new manager development and our continued focus on strategies in the real assets and sustainability arenas.”
Teresa Farmaki, Co-Founder of Astarte Capital Partners LLP, commented: “It was great to be able to rely on James, Ed and the wider Weil platform on this transaction. Their depth of understanding of the market, strategic mind-set and commercial focus was of critical importance to us throughout the process.”