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Equitix Fund II passes GBP100m mark

Equitix, the UK-based developer, investor and fund manager specialising in core infrastructure, is delighted to announce that more than GBP100 million has now been invested in Equitix Fund II, following an initial close of GBP70 million at the beginning of the year. 

Fund II has already invested in six PFI contracts in healthcare, street lighting and integrated highways, and Equitix is part of the consortium that is preferred bidder on the Greater Gabbard Offshore Transmission Owner project (OFTO). Equitix Fund II expects to announce further closes through the third and fourth quarters of 2011.
The three new investors are all UK corporate or local authority pension funds, two of which were also investors in Equitix Fund I.
Evercore is acting as Equitix’s placement agent.
Hugh Crossley, Chief Investment Officer at Equitix, says: “Building on the success of Fund I, Fund II is making good progress against its target of GBP150 million having passed the GBP100 million mark. We are particularly pleased to see investors in Fund I choosing to invest with us again, but also welcome the new LPs, who are not only buying into the asset class, but also into Equitix’s track record of delivering successful investments in core infrastructure.
“As with Fund I, we intend to put investors’ money to work efficiently in UK PPP projects in order to deliver predictable, long-term, inflation-linked returns over the fund’s life.”

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