Opportunistic B&B raises more capital
Babcock and Brown has moved to boost its investment in North American infrastructure with an additional capital raising.
The company told the Australian Securities Exchange today that it had raised an additional US$450 million of committed capital for infrastructure investment opportunities in the North American markets.
It said this had brought the capital raised for investment in North American infrastructure projects to approximately US$1.85 billion.
Commenting on the move, Babcock and Brown chief executive Phil Green said the increase in capital commitments demonstrated ongoing support for the company’s specialised fund and asset management platform by global investors.
“We continue to see attractive opportunities in the infrastructure sector and our demonstrated ability to [pursue] these opportunities despite the constrained capital market environment places us in a strong position to continue to expand our specialised funds management platform,” he said.
AUTHOR
Mike Taylor
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