Meridiam Infrastructure has closed its second North America-focused infra fund on $1bn.
MNA II will invest primarily in new public-private partnership constructions in the US and Canada, with a minority of investments into brownfield sites.
The fund has already bought into five PPP assets including the Long Beach Courthouse in California, the IH-635 Managed Lanes project in Texas and Montreal University Hospital Research Centre.
Meridiam founder and CEO Thierry Déau said, “We are delighted and grateful for the strong support we have received from investors.
“For MNA II in particular we are greatly encouraged by the support received from domestic investors in the US and Canada, who have recognised both the long-term investment opportunity and socio-economic and job benefits which are offered by PPPs.”
Meridiam, which was founded in 2005, now manages about $3.5bn of assets across three funds and its co-investments.
Campbell Lutyens & Co acted as Meridiam’s financial advisor and global placement agent for the MNAII fundraising.
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