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Laxman Pai, Opalesque Asia: InfraRed Capital Partners, an international infrastructure asset manager, has announced the final close of its value-add sixth flagship fund, InfraRed Infrastructure Fund VI.
More than 90 percent of the $1 billion of commitments were to the primary fund and the rest in co-investment vehicles and separately managed accounts (SMAs). The fund attracted institutional investors from North America, the UK, Europe, and Asia.
According to a media release from the financial consultant in London, which manages US$13bn of equity capital for global investors, the Fund builds on InfraRed's differentiated value-add strategy and 25-year track record. It aims to generate value by creating or organically growing and de-risking essential mid-market infrastructure companies and projects. It is targeting the North American and Western European regions in three sectors: energy transition, digital and transport.
"These strategies are underpinned by global megatrends creating compelling long-term investment opportunities, allowing for strong exit positions in attractive markets. The Fund applies InfraRed's active management expertise, sector insights, and disciplined investment methodology to develop and expand infrastructure assets capable of generating long-term, sustainable cash flows," the release said.
Michael Straka, Head of Capital Formation, InfraRed, said: " The primary fundraise was complemented with co-investments and SMAs, which attracted s...................... To view our full article Click here
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