Nova Infrastructure, a value-added, middle-market infrastructure investment firm focused on North America, has raised $565m (€556m) for its maiden fund.

The investment firm founded in 2017 said the Nova Infrastructure Fund I fund received commitments from North American and global institutional investors including public and private pension funds, insurers, family offices, and asset managers.

Nova targets investments in environmental services, transportation, energy and energy transition, and communications sectors.

The manager said Fund I has so far made six platform investments to date involving a vertically integrated waste management platform; a US Flag maritime logistics business; a fixed base operator platform; a port-centric storage and logistics platform; and fibre-to-the-home and fixed wireless businesses.

Chris Beall, founder and managing partner of Nova Infrastructure, said: “Nova’s distinctive approach to creating platforms in partnership with entrepreneurial teams will allow us to generate outstanding returns.

“We appreciate the trust and support of our limited partners and look forward to delivering on our commitments with transparency and integrity.”

Allison Kingsley, said founder a partner of Nova Infrastructure, said:

“At Nova we are committed to being strong partners that deliver capital, operating expertise, and resources to each of our portfolio company partners.

“As founder owner operators ourselves, we understand the challenges faced by these entrepreneurs and are uniquely positioned to help them achieve their goals.”

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