Infracapital raises $1.5bn

The UK infrastructure manager has reached the halfway mark for its third infrastructure vehicle.

Infracapital has raised more than $1.5 billion for its Infracapital Partners III (Euro) SCSp, according to a filing with the SEC.

Infracapital Partners III has a $2.5 billion total fundraising target, which will be invested in infrastructure assets across Europe. Investors that have committed capital to the fund include the UK insurer Prudential PLC.