NOVEMBER 8, 2013

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Equitix holds closes for two infrastructure funds

by Drew Campbell

Equitix Investment Management has completed the final close of Equitix Fund III, a vehicle targeting U.K. P3 infrastructure assets. The fund received more than $802 million in commitments mostly from European corporate and public pension plan sponsors, a number of which were investors in Equitix Fund I and Fund II. The third Equitix fund will invest in primary and secondary projects with concession durations of 20 to 25 years.

“[The fund] has already earmarked approximately £150 million ($243 million) to assets where Equitix is at preferred bidder/exclusive stage, including North Tyne Extracare and its Scottish Hub pipeline,” says Hugh Crossley, CIO of Equitix.

Equitix is also in the process of raising a U.K. energy-efficiency infrastructure fund that will invest alongside other Equitix funds where the U.K. Green Investment Bank is a cornerstone investor. The energy-efficiency fund has held an $81 million first close, and has made three inves

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