Alinda Returns To Market

Infrastructure investor Alinda Capital Partners is back in fundraising mode, just one year after closing its debut vehicle with $3 billion.

“It’s quick, but not as quick as it sounds,” says a source close to the firm. “The first fund was nearly 75% committed when it closed, so they’re mostly out of money.”

Alinda is targeting $3 billion for the new fund, and is fast approaching that figure. Don’t be surprised if it ends up closer to $5 billion, particularly when one considers that it was only targeting $1 billion the first time around. Citigroup and PTP Securities are serving as placement agents.

Alinda was formed in 2006 by Chris Beale, former global head of project finance at Citigroup (and at Morgan Stanley and CSFB, before that), and other members of his Citigroup team. It has offices in New York and London. You can view its portfolio here.