Deals
Alinda Capital Excludes Energy From New $2 Billion Fund
- Most infrastructure funds bet on midstream among other sectors
- Firm this month acquired U.K. broadband provider Glide Group
Photographer: Andrew Burton/Getty Images
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Alinda Capital Partners LLC’s newest infrastructure fund will look a little different from its earlier iterations and those of rivals.
The firm, which counts London’s Heathrow Airport and Heathrow Express among its holdings, will not make on any midstream or traditional energy deals with its new vehicle, dubbed Alinda Infrastructure Fund IV, people with knowledge of the matter said. It is targeting $2 billion for the fund and a preferred return to investors of 8% annually, according to a document reviewed by Bloomberg, which shows that it’ll invest over five years, or half the fund’s decade-long life.