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NOVA Infrastructure closes middle-market fund at $565m
Fundraising - JULY 14, 2022

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NOVA Infrastructure closes middle-market fund at $565m

by Kali Persall

NOVA Infrastructure has completed the final close of its value-add NOVA Infrastructure Fund I, raising $565 million of commitments from a diverse group of North American and global institutional investors.

The investor base consisted of public and private pension funds, insurance companies, family offices and asset managers. In July, the New Mexico Educational Retirement Board contributed a $50 million investment to the fund.

NOVA Infrastructure was founded to exclusively focus on value-added, middle-market infrastructure investments in North America. The fund has made six platform investments to date across its target sectors of environmental services, transportation, energy and energy transition, and communications.

“NOVA’s distinctive approach to creating platforms in partnership with entrepreneurial teams will allow us to generate outstanding

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