Equitix, an investor, developer and long-term fund manager of core infrastructure and energy-efficient assets in the United Kingdom, is seeking up to £1.5 billion ($1.8 billion) in capital commitments for its newest investment vehicle.
The firm did not comment on its investment efforts.
The Equitix fund series focuses on small to mid-cap infrastructure projects located in the United Kingdom and Europe across a wide range of sectors, with a special focus on social infrastructure and renewable energy, according to the firm.
Fund IV closed in 2017 at its hard cap of £750 million ($919 million) in commitments, and Fund V with £551 million ($675 million) in March, against a $750 million ($919 million) target.
The first two funds in the series invested solely in infrastructure assets in the United Kingdom, according to Equitix.
Like its most recent predecessors, funds three through five, Equitix Fund VI will allocate 90 percent of total fund commitments to assets based in the United Kingdom, with 10 percent to be invested into alternative OECD jurisdictions outside Europe, on an opportunistic basis.
The fund will no longer invest in European assets, following the firm’s recent carve-out of a dedicated Europe strategy.
Equitix seeks to hold assets for the life of all its core funds.
Equitix has raised £4.5 billion ($5.5 billion) of equity capital and acquired 270 core infrastructure projects since its inception in 2007.
