Lehman targets $1bn for debut infrastructure fund

Goldman Sachs, currently raising $7.5bn for infrastructure, isn’t the only investment banking giant looking to capitalise on the increasingly popular asset class.

Lehman Brothers’ merchant banking arm is raising a $1 billion (€627 million) infrastructure fund, its first foray into the booming strategy, according to an industry source.

Lehman’s infrastructure unit, directed by Emil Henry, a former assistant secretary for the US Treasury Department, has just begun marketing the fund. Investor response is so positive that the investment bank may raise the fund’s initial target to $2 billion, the source said.

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