New infra greenfield fund picks Chile for maiden investment

06 February 2020 - 12:00 am UTC

Former Sacyr structured finance director and chief controlling officer Joaquín Camacho Calderón has founded KC Impact, an infrastructure investment manager, in partnership with Spanish investment firm Key Capital Partners.

Madrid-headquartered KC Impact launched a new greenfield infrastructure fund targeting EUR 200m in investments in Europe and the Americas, according to three sources familar with the situation.

The fund, which has a term of 10-year term plus two optional extensions, invests in projects where there is a significant capex requirement across the transportation, environmental and social Infrastructure sectors. This will include exploring opportunities across the rail, road, port, airport, health, hydro, water and waste treatment sectors among others.

The firm signed its first investment on 6 February; a USD 45m equity investment alongside Sacyr Agua to acquire four water and waste treatment companies in Chile. According to sources, it has also prequalified on two European projects. Scotiabank Chile advised Sacyr on the transaction, said a source close to the situation.

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