Basalt Infrastructure Partners LLP announced that it has successfully closed the third Basalt fund (Basalt III), raising US$2 .75 billion to invest in infrastructure equity opportunities. The fund was significantly oversubscribed with the final close exceeding the fund’s original US$ 2.0 billion targets and reaching its increased US$ 2.75 billion hard cap.

Basalt III represents a successful continuation of previous flagship fund strategies of transatlantic investing across Europe and North America, focusing on opportunities in the utilities, power, transport, and digital communications sectors.

Credit Suisse Private Funds Group acted as global placement agents for this fundraising, while Kirkland & Ellis and Deloitte acted as legal and tax advisors respectively.