Lloyds closes new infra fund
The fund, raised in collaboration with investment commitments from major UK corporate pension plans and European investors including the European Investment Bank, allows Lloyds to successfully invest in greenfield UK infrastructure projects.
The new fund will focus on investment in infrastructure concessions, characterised by stable and partially inflation-linked revenues and the investments are hoped to be exclusively to the UK.
"We now have approximately £750m of investment in infrastructure funds, £500m of which is invested in the UK, which demonstrates our focus on supporting the UK economy," said Gershon Cohen, chief executive officer of Lloyds Infrastructure Funds.
Cohen and Sameer Amin will lead the fund as fund principals alongside a management team. While John Burnham, formerly of Citibank’s global infrastructure arm will chair the investment and advisory committees in both the UK and European funds.