SYDNEY, Dec 31 (Reuters) - Allco Finance Group (AFG.AX: Quote, Profile, Research), an Australian asset manager, said on Monday it had raised A$200 million ($175 million) from a domestic institutional investor for a new global transport and infrastructure fund.

The unlisted fund's initial assets would include five European wind farms, three aircraft and a share in a portfolio of 27 ships, the company said in a statement. These assets are currently held on Allco's balance sheet.

The fund is targeting A $350-A $450 million in total commitments from overseas and local investors which are expected to come in next year. The fund would be closed once it reaches a A $450 million maximum.

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Posted by dcjaya at December 30, 2007 5:56 PM