Fundraising completed for Third Basalt fund (Basalt III)
Basalt Infrastructure Partners LLP announced that it has successfully closed the third Basalt fund (Basalt III), raising US$2 .75 billion to invest in infrastructure equity opportunities. The fund was significantly oversubscribed with the final close exceeding the fund’s original US$ 2.0 billion targets and reaching its increased US$ 2.75 billion hard cap.
Basalt III represents a successful continuation of previous flagship fund strategies of transatlantic investing across Europe and North America, focusing on opportunities in the utilities, power, transport, and digital communications sectors.
Credit Suisse Private Funds Group acted as global placement agents for this fundraising, while Kirkland & Ellis and Deloitte acted as legal and tax advisors respectively.
Country updates
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February 24, 2021
Two frontrunners shortlisted for US$9.5 billion Transit Corridor project in LA
The Los Angeles County Metropolitan Transportation Authority (L.A. Metro) has released its recommendation for two private sector teams to conduct pre-development work to advance the Sepulveda Transit...
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February 24, 2021
RFI launched for bridge replacement PPP in Pennsylvania
Pennsylvania Department of Transportation (PennDOT) in the USA has issued a Request for Information (RFI) to understand the level of interest in a progressive public-private transportation p...
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February 23, 2021
Pennsylvania announces Major Bridge PPP Initiative
Pennsylvania Department of Transportation (PennDOT) in the USA has announced the list of bridges being considered for its PennDOT Pathways Major Bridge Public-Private Partnership (P3) Initiative, and...
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February 23, 2021
Preferred bidder selected for I-495 and American Legion bridge PPP in Maryland
The Maryland Department of Transportation (MDOT), MDOT State Highway Administration (MDOT SHA), and the Maryland Transportation Authority (MDTA) have announced the selection of Accelerate Maryland Par...
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February 22, 2021
RFP launched for broadband network PPP in North Carolina
North Carolina Department of transport (NCDOT) in the USA has issued a final request for proposal to five shortlisted bidders for fiber network project at 181 miles from South Carolina to Virgini...
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