Orion Infrastructure Capital (OIC), the U.S. middle-market infrastructure manager, has successfully concluded the fundraising of its inaugural Infrastructure Growth Fund. The fund raised more than $370 million in commitments, surpassing the initial target size of $350 million.
The fund saw strong demand from existing OIC investors that accounted for more than 80 percent of the capital raised while also adding new investors from Europe and North America. Investors included insurance companies, pension funds, foundations and family offices.
OIC has seen excellent momentum in the early deployment of the fund, already allocating over 60 percent of commitments across a diversified initial portfolio of six investments. This includes:
Subsea Environmental Services, which focuses on recovering out-of-service submarine telecommunication cables and recycling their constituent parts.
Occurrent Power, Inc., a tidal power developer and operator that designs a
