Carlyle closes $1.15bn infrastructure fund

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.

Copyright © 2007 AltAssets