Equitix announced several days ago a First Close exceeding its target of £350 million for Equitix Fund III, Equitix's third UK focused core infrastructure fund. The capital has been raised from 13 UK and European corporate and public institutions.

Equitix said that the successful First Close of Equitix Fund III is reflective of investor confidence in the UK core-infrastructure opportunity and of the Team's ability to source, execute on and successfully manage infrastructure opportunities on their behalf.

The close included a tranche of re-ups from Fund I and Fund II investors (1.a) and new investors (1.b)

Equitix has committed close to £450 million into over 50 UK core infrastructure projects since inception of Equitix Fund I in 2008. Equitix Fund I closed in the Spring of 2010 and is fully invested (£104 million), while Equitix Fund II held a Final Close in May 2012, and is close to being fully committed (£333 million).

Through these funds, Equitix has compiled a diversified portfolio of UK core infrastructure projects including Cambridgeshire BSF, Sheffield Highways, Leeds Housing and West Yorkshire Police Accommodation.

Equitix Fund III has a strong future pipeline of infrastructure projects including a number of Preferred Bidder positions.

Hugh Crossley, CIO of Equitix said:

"Equitix continues to grow from strength to strength, providing investors with stable inflation linked returns, investing in conservative risk-return infrastructure projects. Fund III will stay loyal to our strategy adopted and being delivered across Funds I and II. We believe in the UK government's commitment to UK infrastructure and the role the private sector has to play in delivering public sector projects."

Equitix expects to hold a Final Close on Equitix Fund III in Q3 2013.

Evercore Partners is acting as exclusive global placement agent and Ashurst LLP is providing legal support.

Source: Equitix