Babcock & Brown has raised an additional $450 million (€290 million) of committed capital for infrastructure investment opportunities in the North American markets.
This increases the capital raised for investment in North American infrastructure projects to approximately $1.85 billion, the firm said in a statement.
Babcock & Brown has already invested a portion of the capital raised to acquire an interest in the Natural Gas Pipeline Company of America and the acquisition of an interest in the ICS ports, which closed in December 2007.
Chief executive officer Phil Green said, “We continue to see attractive investment opportunities in the infrastructure sector, our demonstrated ability to execute on these opportunities, despite the constrained capital market environment, places us in a strong position to continue to expand our specialised funds management platform.”
Babcock & Brown is an international investment and specialised fund and asset management group founded in 1977. It has a number of operating businesses: Real estate, infrastructure, operating leasing, corporate and structured finance.
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