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Alinda closes $3bn infrastructure fund15/06/2007. Source: AltAssets. 
 New York-based Alinda Capital Partners has closed its Alinda Infrastructure Fund I on $3bn - three times the original $1bn target. The fund will focus on infrastructure investments in North America and Europe.
Chris Beale, managing partner of Alinda, said, 'This fund is the first in a series of infrastructure funds that we hope to bring to market.'
Beale previously led Citigroup's infrastructure finance business as global head of project finance.
Alinda has already committed over one third of its capital to investments. These investments include the Detroit-Windsor Tunnel, four toll bridges in Alabama, three natural gas distribution utilities in Colorado, Nebraska and Wyoming, and the CAN$1.74bn acquisition of UE Waterheater Income Fund, which owns about one million residential hot water tanks in Canada.
The firm said in a statement that it had also committed to its first European investment, which it would announced shortly.
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