Laxman Pai, Opalesque Asia: New York-based infrastructure investment firm NOVA Infrastructure has raised $565 million for its first midmarket-focused fund - NOVA Infrastructure Fund I.
The value-added, middle-market infrastructure investment firm focused on North America said in a news release that the Fund received commitments from a diverse group of leading North American and global institutional investors including public and private pension funds, insurance companies, family offices, and asset managers.
Chris Beall, Founder & Managing Partner of NOVA Infrastructure said: "NOVA's distinctive approach to creating platforms in partnership with entrepreneurial teams will allow us to generate outstanding returns. We appreciate the trust and support of our limited partners and look forward to delivering on our commitments with transparency and integrity."
According to the release, the Fund has made six platform investments to date across its target sectors of environmental services, transportation, energy and energy transition, and communications.
"At NOVA we are committed to being strong partners that deliver capital, operating expertise, and resources to each of our portfolio company partners," said Founder & Partner Allison Kingsley. "As founder owner operators ourselves, we understand the challenges faced by these entrepreneurs and are uniquely positioned to help them achieve their goals."
Chris and Allison added, "We are very proud to have successfully...................... To view our full article Click here
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