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Credit Agricole PE Raises $950 Million

PARIS, April 22 (Reuters) – Credit Agricole Private Equity (CAGR.PA: Quote, Profile, Research) said on Tuesday it had completed raising 600 million euros ($950.4 million) for a fund dedicated to investments in the public-private partnership infrastructure sector.

The move comes as debt markets show signs of recovery from the subprime mortgage turmoil which had caused them to freeze up.

Credit Agricole Private Equity, a unit of French retail bank Credit Agricole, said the fund had already invested 80 million euros in a ring road in Vienna, the Limerick tunnel in Ireland and various healthcare programmes in Britain.

(Reporting by Sudip Kar-Gupta; Editing by Rory Channing)