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AltAssets is the private equity news and research service from Almeida Capital
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PRINT THIS PAGE Meridiam Infrastructure raises €600m for public private partnership24/04/2008. Source: AltAssets. 
Meridiam Infrastructure, a subsidiary of Crédit Agricole Private Equity that specialises in investment in public private partnerships in the infrastructure sector, has closed a €600m fund called Meridiam Infrastructure. The fund was launched in early 2007 with an original target of €400m. It held a first closing with its two sponsors on €190m in May 2006. The sponsors of the fund are Crédit Agricole Group and construction company AECOM Technology Corporation. Capital commitments also came from institutional investors across Europe, primarily from pension funds and insurance companies, including BEI and Crédit Mutuel.
Meridiam targets the global primary and secondary markets for PPP-financed infrastructure projects in OECD countries, particulary in the EU. The fund will focus on the transport (roads, rail and airports) and public (hospitals, schools, prisons and police stations) sectors and on environment-related investment opportunities.
Nearly €80m of the fund's capital has already been invested in projects in Europe, including the Vienna ring road in Austria, the Limerick tunnel in Ireland and a number of PPP primary healthcare programmes (LIFT) in the UK.
Crédit Agricole Private Equity is a wholly-owned subsidiary of Crédit Agricole. It specialises in direct private equity investments.
Copyright © 2008 AltAssets
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