Baltic investment manager and life insurance group INVL has raised a further $1.89bn (€1.83bn) for its OECD infrastructure fund.

INVL said the latest fundraising for the INVL Partner Global Infrastructure Fund I fund was backed by seven investors.

The fund invests in a fund of infrastructure assets managed by an experienced company of global stature, INVL said.

In total, the INVL Partner Global Infrastructure Fund I has now raised $39.39bn from total of 95 investors.

INVL said a large part of the portfolio consists of assets such as toll roads, pipelines, airports and seaports, product terminals and data centres.

Vytautas Plunksnis, INVL group’s head of private equity, said: “Investor sentiment in the capital markets is still weighed down not just by the war in Ukraine but also by inflation, rising interest rates and slowing economic growth.

“But investors notice alternative ideas for investing in world-class funds, diversifying their portfolios and protecting them against loss of value.”

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