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Carlyle closes $1.15bn infrastructure fund07/11/2007. Source: AltAssets. 
 The Carlyle Group has closed its first infrastructure fund, Carlyle Infrastructure Partners, on $1.15bn, above its original target of $1bn. CIP was established in March 2006.
CIP will invest in transportation facilities, including roads, bridges as well as water and waste disposal projects in the US and Canada, ranging from $100m to more than $1bn in enterprise value.
The fund's first investment was in organic and non-hazardous waste recycler Synagro Technologies, which was acquired in a public to private transaction in April 2007.
The CIP closing is the latest in a series of infrastructure-focused fund closings over the past few weeks, including AIG Highstar Capital III, which closed on $3.5bn, and Abraaj Capital's Infrastructure and Growth Capital Fund, which closed on $1.7bn. Alinda Infrastructure Fund I also closed earlier in the year on $3bn - three times its original $1bn target.
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