$100m for fund backed by hedge fund titan Robertson

After winning the confidence and financing of hedge fund billionaire Julian Robertson (pictured), Tiger Infrastructure Partners Fund is raising capital.

A ballyhooed infrastructure fund backed by hedge fund legend Julian Robertson has raised more than $100 million, Infrastructure Investor has learned.

A filing with the US Securities and Exchange Commission (SEC) revealed the Tiger Infrastructure Partners Fund has so far amassed $113 million in capital.

The fund is managed by Tiger Infrastructure Partners, a venture launched by former US Treasury Department official Emil Henry and bankrolled by Julian Robertson.

Robertson is a much-revered investor and hedge fund operator. His pioneering hedge fund outfit, Tiger Management, directed $22 billion in capital at its peak.

Now 79 and retired from managing outside money, Robertson has maintained his standing as an influential figure in the asset class, often mentoring and providing seed capital to up-and-coming hedge fund talent. Lee Ainslie, a successful hedge fund manager and so-called ‘Tiger Cub’ worked for Robertson prior to starting his Maverick Capital, as did Blue Ridge Capital founder John Griffin and prominent commodity trading expert Paul Touradji.

In a February 2011 interview with Infrastructure Investor, Robertson admitted to being unacquainted with infrastructure investing.

“It was a new thing for me,” Robertson said, “so I was a little sceptical of it”.

Henry, a Wall Street insider, decided to lift out his infrastructure team from Lehman Brothers once the investment bank collapsed amid the global financial crisis.

Henry joined Lehman in 2007 after a stint as assistant secretary of the US Treasury. He has also worked for Morgan Stanley and M&A boutique Gleacher Partners.

His fund, headquartered in New York, is ambitioning to capitalise on the growth of the infrastructure space by investing in energy, transportation, waste and water. Henry, 52, declined to discuss the filing, citing legal policy on not commenting during fundraising.

The filing, a Form D document, revealed the fund has a minimum $750,000 investment. Richard Trabulsi is listed as chief financial officer in the filing. Form D is required disclosure for investment businesses operating under Regulation D of SEC law, and must be filed shortly after the first sale.