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Betting that toll roads, airports and ports will continue to be money makers even through an economic downturn, Citigroup Inc. is seeking to raise $5 billion for a new infrastructure fund, according to a Bloomberg story.
The Citi Infrastructure Investors fund will focus on utility and airport assets and had its first closing with $1.3 billion in December. With its new fund, Citi will join a handful of private equity firms that recently raised new infrastructure investment pools. Last fall, AIG Highstar Capital closed its third infrastructure investment fund with $3.5 billion, and the Carlyle Group raised $1.15 billion for its first infrastructure fund. - George White See story from Bloomberg See story about Carlyle fund from TheDeal.com See story about AIG fund from TheDeal.com See Dealwatch on fundraising CategoriesPrivate capital video
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