Alinda Capital Partners has completed the final close of the Alinda Infrastructure Fund I, which focuses on public sector and energy infrastructure assets that provide essential services t
Alinda Capital Partners has completed the final close of the Alinda Infrastructure Fund I, which focuses on public sector and energy infrastructure assets that provide essential services to communities, governments and businesses in North America and Europe.
The fund was heavily oversubscribed with USD3bn of commitments from a diversified group of global institutional investors, making it one of the largest first-time funds ever raised, according to placement agent C.P. Eaton Partners.
The Alinda Infrastructure Fund aims to capitalise on the substantial shift in infrastructure asset ownership taking place, a total investment opportunity that is predicted to exceed USD500bn in North America and Europe over the next five years.
‘We think we are uniquely positioned to make attractive investments in the fastest growing infrastructure markets in the world,’ says Alinda managing partner Chris Beale. ‘These investments are expected to be stable, long duration and relatively high dividend investments, with inflation protection. This is the first in a series of infrastructure funds that we hope to bring to market.’
Adds C.P. Eaton partner James McCarvill: ‘Alinda has one of the most experienced management teams in the world in the infrastructure space. The strong investor support for this fund reflects the quality of that team, the independent nature of the investment manager, and the strength of their sourcing capabilities and deal flow. We are thrilled to be a part of their success.’
Alinda has already committed over one-third of the fund’s capital to investments including the Detroit-Windsor Tunnel, four toll bridges in Alabama, three natural gas distribution utilities in Colorado, Nebraska and Wyoming, and the CAD1.74bn acquisition of UE Waterheater Income Fund, which owns and services over million residential hot water tanks in Canada. Alinda has also committed to its first European investment.
C.P. Eaton is currently in the market with nine funds across various asset classes including core capital assets, urban real estate development, China real estate, India private equity, distressed debt, high-yield CMBS, a structured equity hedge fund, and a leading fund of hedge funds.
Founded in 1983, C.P. Eaton is one of the most experienced placement agents in the world, with more than USD23bn in total capital raised. The firm raises institutional capital for investment managers across a full range of alternative strategies offices in North America, Europe and Asia.
