QAI Capital LLC (“QAI”) is a partnership between Quintana Infrastructure & Development LLC (“QID”) and Astarte Capital Partners LLP (“Astarte”) that combines QID’s strong investing, operating and development expertise with Astarte’s long-standing asset management and ESG framework. QAI targets more than $1.5 billion of mid-market, value-add infrastructure investments in North America beginning with Adaptive Infrastructure Fund II LP, a new $500 million closed-end fund. QAI pursues adaptive infrastructure assets that will address the changing societal needs leading to resilient infrastructure requirements for our generation and the next. QAI focuses on the infrastructure verticals of data and technology, industrial and environmental, decarbonization and energy transition with equity investments of $20 to $80 million. QAI’s strategy involves the development of greenfield and brownfield assets into operating companies; the acquisition of mature assets and repositioning or repurposing them into viable platforms; and the provisioning of growth capital to evolving businesses.