Source: Financial News Online US

By Stephanie Baum

A former Citigroup executive raised $3bn (2.3bn euros) for his first US infrastructure fund, amid heightened public concern over private equity investments in the sector.

The fund from Alinda Capital Partners launched in September 2005 and it made its final close last week. It targets a wide range of public sector and energy infrastructure investments. It was oversubscribed and raised three times its initial target. CP Eaton was the placement agency for the fund.

Chris Beale, the managing partner of Alinda Capital, founded the business in 2005. He previously worked at Citigroup as the global head of project finance. He said Alinda plans to launch additional infrastructure funds.

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Posted by pichu at June 18, 2007 11:40 AM