3i Infrastructure, a quoted fund advised by the FTSE-listed private equity firm 3i, has raised £115 million ($223.8 million; €145 million) through a placing and open offer of new shares to international investors at 106p a share.
In an interview with PERE's sister website PEO, Michael Queen, 3i’s managing partner for infrastructure, said the additional capital meant the fund was well placed to take advantage of market conditions.