Fundraising - JUNE 29, 2017

iCON Infrastructure closes new €1.2 billion fund

by Jody Barhanovich

iCON Infrastructure has held a first and final closing of its new €1.2 billion ($1.37 billion) fund, iCON Infrastructure Partners IV, exceeding its €1.0 billion ($1.14 billion) fundraising target.

iCON IV’s single close at its €1.2 billion ($1.37 billion) hard cap comes just three months after commencing fundraising and reflects strong support for iCON’s investment strategy and recognition of the firm’s track record of outperformance and value creation.

iCON IV will continue iCON Infrastructure's strategy of investing in mid-sized infrastructure assets in core infrastructure sectors in both Europe and North America.

Through its three previous funds, iCON Infrastructure has acquired a diversified portfolio of 17 different companies, across a number of infrastructure sectors including water, transportation and energy generation, distribution and storage.

The capital for iCON IV was raised from a diversified group of 47 leading pension funds, asset managers, sovereign wealth funds and insurance companies from Europe, North America, the Middle East and Asia.

As a result of the fundraising, “iCON is well positioned to take advantage of the significant number of opportunities for investment that we are seeing in our niche in mid-market infrastructure businesses across Europe and North America,” said Paul Malan, senior partner of iCON Infrastructure.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy