Aberdeen Asset Management raises funds for fifth infra fund

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Aberdeen Asset Management raises funds for fifth infra fund

According to sources, Aberdeen Asset Management has raised $168 million (€125 million) for its fifth infrastructure fund from Asian institutional investors.

The Aberdeen Global Infrastructure II LP fund will be managed by a 24-person team, led by Gershon Cohen.

Aberdeen Asset Management says it currently manages $2.2 billion in infrastructure mandates and it has invested in 90 projects around the globe.

Aberdeen Asset Management invests in all major sectors of social and economic infrastructure including health, education, social housing, government accommodation, roads, bridges, rail, rolling stock and waste management. Europe, Australia and North America are the main focus of investment.

Cohen commented:

"We will employ the same investment approach as we do for our other mandates. Our focus is on undertaking rigorous due diligence before investing; leveraging off the numerous deep relationships we have built with industry partners across different geographies and sectors and being actively involved with projects."

In May 2014, Aberdeen Asset Management completed the acquisition of Scottish Widows Investment Partnership (SWIP) paying £550 million for the business.

The acquisition of the SWIP infrastructure fund management business meant the buyout of SWIP from Lloyds Banking Group was complete.

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