In June 2008, SteelRiver Infrastructure Fund North America, formerly Babcock & Brown Infrastructure Fund North America, acquired Trans Bay Cable LLC.
SteelRiver Infrastructure Partners (SteelRiver) is an independent investment management firm that invests in core infrastructure assets for the long term, seeking out businesses that provide essential services necessary for human existence with stable cash flows and monopolistic, often regulated, characteristics.
SteelRiver's long term approach to infrastructure investing is characterized by a significant emphasis on value added through a dedicated in-house asset management staff and experienced infrastructure investment professionals.
SteelRiver manages an unlisted infrastructure investment vehicle, formerly managed by Babcock & Brown, with committed capital in excess of USD 1.9 billion. This vehicle owns and manages energy and infrastructure assets throughout North America.