AECOM to launch second investment fund

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AECOM to launch second investment fund

The private equity arm of Aecom Technology CorpAecom Capital, will soon launch Aecom Global Fund II LP with a target of US$200 to US$300 million for real estate and infrastructure projects.

In early 2013, the firm launched the AECOM Global Fund I, L.P. that has already committed US$100 million to six projects totaling $2.3 billion, including mixed use residential, retail and hotel  projects in Queens, New York, and Jersey City, New Jersey, as well as southern California.

According to John Livingston, chief executive of Aecom Capital, having equity gives Aecom a seat at the table of big-ticket projects such as apartment complexes, bridge repair, water treatment plants and courthouses as an investor.

Aecom Capital aims to sign up one or two large institutional investors for Aecom Global Fund II LP, which will target up to 10 equity investments of $10 million to $30 million each.

Prior to the launch of the AECOM Global Fund I AECOM's experience with alternative delivery and project financing includes its successful investment in Meridiam Infrastructure Fund.

Mr. Livingstone also said that the fund could be launched in September 2014:

"We now come in on the principal level, not just as a service provider. We're in informal talks with prospective investors and may launch the fund in September."

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