Listed infrastructure fund International Public Partnerships (INPP) has raised 拢330m (鈧�391m) on the London Stock Exchange.
The placing by INPP, owned by Amber Infrastructure and invested in the Thames Tideway Tunnel and , was oversubscribed by existing investors.
INPP originally aimed for a 拢250m capital raise.
Rupert Dorey, chairman of INPP, said: 鈥淭he significant oversubscription of INPP鈥檚 latest capital raising demonstrates the continued demand for the company鈥檚 investment case, in providing shareholders with predictable, long-term and substantially inflation-linked returns from investment in long-term assets.鈥�
The trust, he said, continues to offer shareholders a 鈥渉ighly visible and balanced pipeline of new opportunities, the outlook for which remains strong鈥�.
Proceeds will be used to pay down debt.
