Ancala Partners closes second fund at EUR735m

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

Ancala Partners LLP, a UK-based independent infrastructure investment manager, has reached the final close for its Ancala Infrastructure Fund II with EUR735 million (US$808.49 million). 

The company has secured commitments from around 30 institutional investors from Europe, Australia, Asia, and North America. The Fund targets a 12-year term and a net internal rate of return (IRR) of 10-13% per annum, including an annual cash yield of 5-6%.

The Fund is set to invest in a portfolio of mid-sized infrastructure businesses across Europe. Ancala will also invest around EUR1 billion (US$1.1 billion) through the fund.

Ancala Infrastructure Fund II has invested approximately EUR150 million (US$165 million) in the UK’s Liverpool John Lennon Airport, the Dutch fiber-to-the-office business Fore Freedom, HS Orka geothermal business in Iceland. Investors in the fund have already been offered co-investment in HS Orka and Fore Freedom.

List of the country updates

Country updates

  • February 06, 2020

    UK launches PIN for Heat Networks Financial Services Initiative

    Department for Business, Energy and Industrial Strategy (BEIS) in the UK has issued prior information notice (PIN) for the Heat Networks Financial Services Initiative. The aim of the Initiative i...

    Read more
  • February 06, 2020

    National Audit Office in the UK issues report, considers private finance key challenge for NHS

    The National Audit Office (NAO) has issued a report "Review of capital expenditure in the NHS" where it discusses the postponement of a replacement for Private Finance Initiative (PFI) model as a key...

    Read more
  • February 04, 2020

    London pension schemes launch 'The London Fund'

    Local Pensions Partnership Ltd (LPP), the London Collective Investment Vehicle Ltd (LCIV), and the London Pensions Fund Authority (LPFA) are expecting to jointly target allocation of several hundred m...

    Read more
  • January 30, 2020

    Prior Information Notice published for Velindre Cancer Centre project

    Velindre University NHS Trust in the UK has issued a Prior Information Notice (PIN) for the Velidre Cancer Centre project in Whitchurch, North Cardiff. The project will be developed on desig...

    Read more
  • January 30, 2020

    Technical advisers sought for framework development for Northern Ireland Authority for Utility Regulation

    Northern Ireland Authority for Utility Regulation has issued a tender notice seeking technical advisors to develop a framework for the Provision of Economic, Financial and Related Consultancy and Othe...

    Read more

Share this update