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Alternative Market Briefing

Basalt Infrastructure Partners raises $2.75bn for the third fund

Tuesday, February 23, 2021

Laxman Pai, Opalesque Asia:

The mid-market infrastructure investment firm Basalt Infrastructure Partners has raised $ 2.75 billion for its third fund, more than doubling the $ 1.3 billion raised for its second fund in 2018.

The fund will focus on opportunities in the utilities, power, transport, and digital communications sectors across North America and Europe.

Rob Gregor, Managing Partner of Basalt Infrastructure Partners LLP, an exclusive investment adviser to the Basalt funds, said: "Completing an oversubscribed fundraise for Basalt III through this pandemic is a testament to the disciplined focus on our mid-market strategy and the resilient and strong risk-adjusted returns of Basalt funds. We are incredibly grateful for the significant investor support shown for our strategy and our growing franchise. Market conditions remain positive for the Basalt strategy with Basalt III off to a strong start with commitments to the first three investments, Habitat Solar and Xpress Natural Gas in the US, and Full Fibre in the UK."

The Basalt III fund, which received commitments from 47 investors from around the world, exceeded its original $ 2 billion fundraising target. The capital raise was backed by support from existing investor relationships, re-committing and upsizing their commitments.

The fund also received commitments from new investors, including first-time commitments from Asia and increasing support from the Middle East, North American, and European markets.......................

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