Last week, iCON Infrastructure Partners V (iCON V) completed its first and final close with $1.9 billion in capital commitments, a spokesperson for iCON Infrastructure confirmed in an email.
The close comes just three and a half months after iCON V began fundraising, according to the firm. iCON V is significantly bigger than its predecessor, the €1.2 billion ($1.3 billion) iCON Infrastructure Partners IV.
Backed by 65 investors, including pension funds, asset managers, sovereign wealth funds and insurance companies from Europe, North America, the Middle East and Asia, the fund surpassed its $1.8 billion target.
“We are proud of, and humbled by, the faith that our terrific group of investors have shown in our team at this challenging time for the societies and markets in which we operate,” said Paul Malan, senior partner at iCON Infrastructure. “This trust means that we continue to be well positioned for the significant opportunity that we see in our nich
