Key Takeaways
- • Meridiam has closed a $4.5bn North American infrastructure vehicle.
- • The vehicle will let Meridiam extend its ownership of 15 existing infrastructure assets in North America.
- • The vehicle is also designed to provide liquidity to investors in Meridiam's earlier funds.
Summary
Meridiam has closed a $4.5bn infrastructure vehicle focused on North America, according to AltAssets. The vehicle will allow the manager to extend its ownership of 15 existing assets rather than sell them at the end of their current fund holding periods. It also provides liquidity to investors in Meridiam's earlier funds.
The full article is behind a paywall, so details on the asset portfolio, the investor base, pricing and the specific sectors involved are not available in the source material reviewed here.
The full article is behind a paywall, so details on the asset portfolio, the investor base, pricing and the specific sectors involved are not available in the source material reviewed here.
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