Tiger Infra fundraising tops $176m for second vehicle

Mid-market US fund manager Tiger Infrastructure Partners has raised at least $176.5 million for its sophomore investment vehicle in just over a year since launching, according to regulatory documents.

A filing with the Securities and Exchange Commission shows the New York-based firm has surpassed the $113.4 million raised for its inaugural fund. No target was listed on the document for Tiger Infrastructure Partners Fund II, which began raising last January.

Tiger has been investing from the fund since at least last September when it purchased its first natural gas-fired generation plant, the 500MW Danskammer Station in New York.

Tiger has also recently led a £50 million ($66.3 million; €56.3 million) investment in UK-based energy storage firm Battery Energy Storage Solutions. The investment was Tiger’s first venture into the UK market and its maiden storage commitment. It has also invested in a Canadian fibre-optic developer that is planning to build the first submarine cable system across Lake Ontario.

Tiger is a mid-market investor focused on growing infrastructure platforms. The firm has invested more than $4 billion of equity in communications, energy, transportation, and related sectors, primarily located in North America and Europe. Tiger was founded in 2009 by Julian Robertson and Emil Henry, former assistant secretary of the US Treasury.