NorthStar Midstream formed a partnership with New York-based equity firm Highstar Capital in 2014. NorthStar leverages Highstar Capital’s resources and expertise to generate long-term value for its customers.
About Oaktree Capital. Highstar Capital is an independently owned and operated private equity firm with an operationally focused and value-added strategy. Based in New York, the firm was founded in 1998 and currently manages more than $7 billion on behalf of its managed funds and co-investment vehicles in a diversified portfolio of energy, transportation and environmental/waste management assets and businesses. In August 2014, the Highstar Capital team joined Oaktree Capital Management, L.P., a global investment management firm.
Highstar has significant experience investing in the midstream energy sector. Previous investments include: Southern Star Central, a 6,000-mile interstate natural gas pipeline in the Midwestern U.S. Stagecoach Holdings, a natural gas storage facility with 12 billion cubic feet of working gas capacity located near New York City. Lastly, the management buyout of Kinder Morgan, Inc., who owns the general partner of one of the largest master limited partnerships.