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Alinda closes second infrastructure fund

Alinda Capital Partners has completed the raising of its second infrastructure fund, bringing its total capital commitments to USD7bn. 

Alinda’s second fund, Alinda Infrastructure Fund II, has capital commitments aggregating USD4bn. 

Alinda launched the first infrastructure fund in the US in August 2005 and held its first closing in 2006. Alinda Infrastructure Fund I had a cover amount of USD1bn but raised USD3bn.

Alinda’s second fund had a cover amount of USD3bn and a cap of USD5bn.

Both Alinda funds focus on infrastructure investments in the US and Europe.

The infrastructure assets in which Alinda’s funds have an ownership interest include Heathrow Airport in the UK, the Detroit/Windsor Tunnel in Michigan, and the Regency Intrastate Gas System serving the Haynesville Shale gas field in Louisiana. 

Alinda’s funds own interests in seven airports, a rail service, four ports, four toll bridges, four gas distribution utilities, two gas pipelines, a water utility, a wastewater treatment facility, over one million water tanks, and a municipal services business.  

Alinda’s investors are mainly pension funds but also include insurance companies, endowments and foundations. 

The investors include Washington State Investment Board, which invested USD400m in Alinda’s second fund and is an investor in Alinda’s first fund. 

Calpers chose Alinda for its first commitment from its newly created infrastructure allocation.  Calpers invested USD300m in Alinda’s second fund, having invested in Alinda’s first fund out of its real estate allocation. 

Oregon Public Employees Retirement Fund chose Alinda’s Fund II for its first infrastructure commitment, investing USD200m.

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