Grain Management has collected $1.5 billion in capital commitments for its Grain Spectrum Holdings III fund, reaching its fundraising target, according to an SEC filing published Oct. 5.
The fund will invest in diversified infrastructure assets in North America.
According to the filing, 40 investors backed the fund. One of those was the Los Angeles County Employees Retirement Association, which disclosed a $60 million commitment to Grain Spectrum Holdings III in September.
Grain Management could not be reached to comment on its fundraising efforts at the time of publication.
