Investment manager Downing LLP has announced the close of a dedicated GBP125 million (US$159.4 million) infrastructure fund focusing on the flexible generation sector in the UK.

The increase in deployment of renewable energy has created a new class of flexible generation assets in which gas peakers play a significant role. This is where the fund will focus its investment activities.

As the fund enters its investment phase, it has attracted a strong pipeline of opportunities and a significantlevel of interest from investors.

Downing LLP was advised by Bryan Cave Leighton Paisner (legal) on the transaction.