Equitix closes its fifth core infrastructure fund

Equitix Investment Management Ltd has held the final close of its fifth core infrastructure fund – Equitix Fund V – at £998 million, exceeding the Fund’s target of £750 million, after a 12-month fundraise. Demand from both existing and new investors was strong with a similar number of commitments made by investors in predecessor funds and new investors.

Equitix Fund V follows a similar strategy to its predecessor funds: investing in small to mid-sized projects for the long-term, and delivering stable, contracted cash flows to investors for the duration of the Fund’s 25-year tenure. The Fund has invested in projects predominantly across the UK in a wide range of core infrastructure sectors including health, education student accommodation, rolling stock, renewable energy including hydro and regulated utilities.

Hugh Crossley, Equitix’s Chief Investment Officer, commented: “Equitix has a great track record of delivering attractive, risk-adjusted returns to investors since its inception over 12 years ago. The successful fundraising of Equitix Fund V confirms investors’ trust and illustrates the continued demand for infrastructure investments in the UK.”

First Avenue Partners acted as placement agent on the fundraising alongside the in-house Investor Relations team.

Equitix Fund V is backed by a global investor base consisting of pension funds, insurance companies, fund of funds, a sovereign wealth fund and other financial institutions. With the closing of the Fund, Equitix has over £4.5 billion in funds under management. As the Fund is over 80% invested, Equitix plans to return to the market later in the year to raise its sixth generation core infrastructure fund, targeting £1 billion.