Northern Star Generation is owned jointly by The UBS International Infrastructure Fund and affiliates of Harbert Power, LLC and the California Public Employees’ Retirement System ("CalPERS").
The UBS International Infrastructure Fund is managed by the Infrastructure Asset Management team within UBS Global Asset Management, one of the world's leading asset managers, providing traditional, alternative, real estate and infrastructure investment management solutions to private clients, financial intermediaries and institutional investors worldwide. IAM invests in the growing infrastructure sector managing both listed infrastructure securities and direct investment funds in North America and globally. IAM has dedicated investment professionals operating from offices in New York, London, Hong Kong and Sydney.
Harbert Power, a subsidiary of Harbert Management Corporation, is involved with development, construction, ownership and operation of independent power generating facilities and power related assets in North America. Since Harbert began its power business in 1986, the company has managed the investment of approximately $1.3 billion of equity across 31 power projects in the United States and Canada and raised approximately $1.7 billion of debt in the commercial bank and capital markets. Harbert develops, acquires and manages power assets for six investment funds, Harbinger Independent Power Fund’s I and II, Harbert Power Funds III, IV, and V, and Gulf Pacific Power, a joint venture with CalPERS.
CalPERS is the largest public pension fund in the U.S., with approximately $300 billion in assets. CalPERS administers health and retirement benefits on behalf of 3,064 public school, local agency, and state employers. There are more than 1.6 million members in the CalPERS retirement system and more than 1.3 million members in its health plans. For more information about CalPERS, visit www.calpers.ca.gov.