US-based private infrastructure fund manager Alinda Capital Partners hopes to raise Â£ 350million (â¬ 414million) by listing a new company, Alinda Capital Infrastructure Investments, on the London Stock Exchange.
The closed-end company will adopt the same strategy pursued by Alinda since 2014, focusing on mid-cap core-plus assets with an emphasis on transport and logistics, utilities and digital infrastructure.
It will be a significant investor in Alinda Infrastructure Parallel Fund IV Sterling, a parallel limited partnership that is part of Alinda Infrastructure Fund IV, the current flagship private fund managed by Alinda.
The company, which will have Alinda Advisors as its investment manager, also intends to make direct investments, either alone or with other third-party investors.
Alinda said she has identified approximately $ 660 million (â¬ 569 million) of investment opportunities for which she is undertaking due diligence or is under discussion.
Alinda is seeking to raise Â£ 350million as a first step by admitting the company’s shares to trading on the specialty funds segment of the main stock exchange at an issue of Â£ 1 per ordinary share. It plans to issue an additional 650 million shares over the next 12 months.
The company plans to deploy capital over 24 months, with over Â£ 200million committed in the first three months after initial admission, assuming the issue’s target size is reached. This amount could reach $ 600 million within 24 months.
Andrew Bishop, Managing Partner of Alinda, said: âWe believe the current opportunity in this industry, which forms the backbone of our 15-year, $ 12.5 billion history, is extremely compelling, with a strong risk-adjusted total return profile; and, the company’s portfolio to place particular emphasis on the highly attractive sub-sectors of transport and logistics, utilities and digital infrastructure.
âThe company has an advanced pipeline of investments, with the potential to rapidly deploy capital in investments of exceptional quality. “