3i Infrastructure targets fresh investments(3)

The quoted infrastructure manager has raised £340m in equity and debt to fund its future infrastructure acquisitions, as it delivers ahead of initial return targets and looks to capitalize on market distress.

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.

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