Basalt completes USD 1.2bn first close of third fund

12 May 2020 - 12:00 am UTC

Basalt Infrastructure Partners has completed a USD 1.2bn first close of its third infrastructure fund, with 85% of commitments coming from the firm’s existing investors.  

The London-headquartered fund manager launched Basalt Infrastructure Partners III (BIP III) last year with a fundraising target of USD 2bn and has been holding a rolling first close since late-February, according to two sources familiar with the matter and documents seen by Inframation.

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