Prostar Capital is a private investment firm established in 2012 to invest in global midstream energy infrastructure assets that it believes are strategically positioned to serve growing global energy demand. The firm invests in assets that are focused on the gathering, processing, storage, transmission and distribution of energy. Prostar’s management team is comprised of experienced professionals with decades of real asset investment and operational expertise. Prostar has originated and managed energy infrastructure investments representing more than $400 million of equity capital invested. Prostar operates from offices in Sydney, Hong Kong and Greenwich, Conn.
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New $280 million debt facility to fund significant VLCC loading expansion.
The sale marks NuStar’s exit from the Caribbean as the San Antonio-based company focuses on growing its core assets in North America…