Sequoia Economic Infrastructure Income Fund raises GBP 300 million (US$ 384.5 million)
Sequoia Economic Infrastructure Income Fund (SEQI) has raised GBP 300 million (US$ 384.5 million) before expenses. The fundraising was very significantly oversubscribed and investor demand exceeded the maximum issue size.
The proceeds of the fundraising will be used to repay substantially all of the drawings under SEQI’s revolving credit facility, strengthening its balance sheet and will allow it to pursue attractive buying opportunities in the economic infrastructure debt markets.
CMS acted as a legal adviser for the fund.
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