The Ashurst investment funds team advised Equitix on the establishment of its fourth core infrastructure fund, Equitix Fund IV.
The Fund was oversubscribed and closed at its hard cap of £750 million with commitments from UK and global investors including corporate and local authority pension funds, insurance companies, funds of funds, asset managers and investment consultants. Hugh Crossley, Equitix's Chief Investment Officer, said: "Equitix remains committed to providing investors with opportunities to make stable long term returns in core infrastructure assets. The UK continues to be an attractive market and we have identified significant deal flow in the UK and beyond over the next 24 months."
Nick Goddard, investment funds partner, led an international Ashurst team, which involved specialist lawyers from Ashurst's London, New York and Washington offices. The team included partners Jake Green and Margaret Sheehan (regulatory/securities law), Tae Jeon (finance/ERISA), counsel Alastair Ladkin (tax) and associates Elisha Rai (funds) and Greg Patton (regulatory).
Nick Goddard commented: "It was great to team up with Equitix again on such a successful fund-raising. Equitix had considerable support from its existing investor-base and there was strong demand from new investors too which enabled Equitix to close the fund at its £750 million hard cap well in excess of its £500 million target."
