Alinda Capital Partners has hit its $3 billion target for its second fund, which will invest in global infrastructure efforts. The fund is still open and is expected to hold a final close in the third quarter, according to peHUB sister publication Buyouts magazine.
The fund is a fairly remarkable achievement for Alinda Capital on multiple fronts, including the difficult fundraising environment, the fact that it only closed its debut fund—also at $3 billion—in 2007 and because the firm has yet to make an exit. But Alinda Capital has been extremely active. Its portfolio includes BAA Ltd., an operator of eight airports in the United Kingdom and Italy, including Heathrow Airport in London; American Roads LLC, which owns and operates five roads and road concessions that include a border crossing tunnel between Detroit and Windsor, Ontario; and South Staffordshire PLC, a water utility in the British midlands.
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