UK infrastructure developer, John Laing, said it will take a bigger stake of the £160 million ($254 million) environmental fund it's is listing. The goal of the firm is to meet the investor commitments target.

John Laing will subscribe to as much as 40 % of the issue compared to a 24.9 % stake it was willing to take, according to the first announcement.

The fund is releasing a a supplementary prospectus that delays the issue close by a week.  The fun also announced a cut in the investment adviser base fee in a strategy to attract more investors.

John Laing announced its intention to sell several operational and yielding environmental infrastructure assets to the newly listed fund, John Laing Environmental Assets Group Limited (JLEN) in February 2014.

The fund will acquire renewable and waste-related projects that benefit from long-term support.

The divestment follows the successful launch of the Jonh Laing Infrastructure Fund (JLIF) in November 2010. As at 31 December 2013, JLIF had generated a total shareholder return of 33 % since launch, demonstrating that John Laing has the skill and core competencies to promote, develop and grow new funds.