Foundation Credit has closed its second infrastructure fund on $540m, slightly exceeding its target of $500m, according to an exclusive report from Infrastructure Investor.
The fund focuses on mid-market, local US infrastructure debt, a segment that has drawn growing attention from investors seeking exposure to essential assets outside the largest deals. By surpassing its initial goal, the vehicle signals continued investor appetite for this strategy despite a mixed fundraising environment across private markets.
The article, written by Zak Bentley, places the close in the context of other recent infrastructure fundraising activity. Fund closes of this kind are closely watched by limited partners and competitors as indicators of where capital is flowing within the sector, including data centres, digital infrastructure, renewables and water.
Full details of the fund's investor base, strategy and performance data are available to subscribers of the publication, which offers daily global infrastructure news, market intelligence and proprietary research.
Source: Infrastructure Investor · Summarized by HeadlinesBriefing