Meridiam has exceeded its capital-raising target for its latest North American infrastructure fund, securing $1.8bn (€1.53bn) from investors.

The Paris-headquartered infrastructure fund manager had originally sought $1.7bn for MINA IV, the fourth in the series of funds focused on North America.

Investors in the fund include Ohio Police & Fire Pension Fund, which committed $80m.

The fund will focus on “transformative infrastructure projects” across energy, mobility and essential-services sectors, including toll roads. In August, Meridiam closed the $11bn SR400 Express Lanes P3 Project, said to be one of the largest of its kind in the US.

Meridiam said its ability to raise the capital “reflects the robust interest and confidence of global investors in Meridiam’s differentiated long-term strategy and execution capabilities, especially in a complex market environment”.

Thierry Déau, CEO and founder of Meridiam, said: “This successful fundraising reflects our ability to consistently deliver performance, with differentiated and resilient portfolios.

“It also reaffirms our commitment to shaping the future of infrastructure through innovation, resiliency, and long-term partnerships. With a strong pipeline of projects, we are well positioned to deploy capital efficiently and drive sustainable growth.”

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