First close of the Babcock & Brown North American Infrastructure Fund:

BNB has announced a further diversification of its capital sources, with the successful first close of a wholesale (unlisted) infrastructure fund focusing on North American assets. This is particularly encouraging given market concerns over investor demand for infrastructure assets in the current environment. We expect the US$800m initially raised for BBNAIF to be expanded in coming months with final close potentially up to US$2 billion.

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Posted by rjorr at October 25, 2007 7:19 PM