Tiger Infrastructure Partners has raised $1.25bn (€1.1bn) for its third mid-market fund.
The manager said the fundraising for the Tiger Infrastructure Partners Fund III fund attracted commitments from the largest existing institutional investors from its predecessor fund and expanded its investor base to include a global array of public and private pension funds.
As previously reported, the Connecticut Retirement Plans and Trust Funds was considering a $100m commitment to Fund III, a North America and Europe focused fund seeking to raise $750m and a $1.25bn hard cap.
Tiger Infrastructure said the fund’s investor base also includes insurance companies, sovereign wealth funds, financial institutions, endowments and foundations, family offices, private wealth platforms and other institutional investors.
The manager said the fund has already invested in five innovative portfolio companies including Summit Carbon Solutions, NorthLink Aviation, cloud infrastructure firm 11:11 Systems, EV infrastructure developer Qwello and flexible power generation developer Forsa Energy.
Emil W Henry Jr, CEO of Tiger Infrastructure Partners, said: “Reaching our hard cap for Fund III and securing the participation of our largest existing investors while expanding our diverse investor base represents a tremendous vote of confidence in our innovative growth equity strategy.
”The fund furthers our aspiration for Tiger to be the pre-eminent brand name for growth capital for tomorrow’s infrastructure as we continue to seek to be the partner of choice for talented entrepreneurs at the forefront of attractive, emerging infrastructure sectors.”
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