Tiger Infrastructure Partners has so far raised $835m (€739.8m) for its third mid-market fund and expects to complete the fundraising next month, according to a potential investor.
The Connecticut Retirement Plans and Trust Funds (CRPTF) disclosed in a meeting document that it is considering a $100m commitment to Tiger Infrastructure Partners Fund III, a North America and Europe focused fund seeking to raise $750m and a $1.25bn hard cap.
The fund is expected to have a final close by 21 March.
According to the document, Tiger Infrastructure has raised around $635m directly into the fund and an additional $200m of co-investment capital.
The fund’s manager Tiger Infrastructure is expected to invest $7.5m or 1% of total commitments as a co-investment alongside the fund which targets a 20% gross internal rate of return.
According to the meeting document, Fund III has so far made a $60m investment into UK-based Forsa Energy. and committed $75m to Summit Carbon Solutions, a platform that addresses the global challenge of decarbonisation by developing the world’s largest carbon capture and storage project.
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