An SEC filing of august 1st shows that European private equity firm Infracapital has registered $1.3 billion (£772.5) worth of commitments for its second infrastructure fund, Infracapital Partners II LP. The fund is still far from its target $2.1 billion.
Infracapital is a London-based infrastructure investor that invests in essential infrastructure businesses, seeking to provide investors long term value and deliver stable, inflation linked cashflows and moderate capital growth.
Infracapital is part of M&G Investment Management Limited, the European investment management arm of Prudential Plc.
Infracapital has a strong track record of investment with approximately £1.7 billion of assets under management across three funds. The first fund was launched in 2002, Innisfree M&G PPP Fund (IMPPP). IMPPP is a £225 million portfolio that is now fully invested in 20 operational PFI projects. IMPPP is an open-ended social infrastructure fund co-managed with Innisfree Limited.
Infracapital Partners LP I, the second fund of M&G Investment Management, is a £908 million portfolio of core infrastructure investments with investments in the utility, transport, renewable and communication infrastructure sectors. The fund has a term of 12 years.