The fund was significantly oversubscribed with the final close exceeding the fund’s original $2.0 billion target and reaching its increased $2.75 billion hard cap. Basalt III received strong demand from the investor community throughout the COVID 19 pandemic demonstrating continued support for the Basalt approach to mid-market infrastructure investing and focus on bilateral deal sourcing.
The Kirkland team advising Basalt was led by investment funds partners Jeremy Leggate (Picture) and Richard Watkins and associates David Pritchett, Paul Rainford, Daniel Paul and Ryan Foxwell, and paralegal Danielle Garland.
The Carey Olsen team included partner David Crosland, assisted by senior associate James Cooke and associate Colin Calvert.
Involved fees earner: Colin Calvert – Carey Olsen; James Cooke – Carey Olsen; David Crosland – Carey Olsen; Ryan Foxwell – Kirkland & Ellis; Jeremy Leggate – Kirkland & Ellis; Daniel Paul – Kirkland & Ellis; David Pritchett – Kirkland & Ellis; Paul Rainford – Kirkland & Ellis; Richard Watkins – Kirkland & Ellis;
Clients: Basalt Infrastructure Partners LLP;