Basalt Infrastructure Partners’ Second Fund $1.285 Billion Fundraising

Kirkland & Ellis advised Basalt Infrastructure Partners, an independent infrastructure equity investment firm with over US$2 billion under management, which recently closed its second fund, Basalt Infrastructure Partners II.

The fund exceeded the initial fundraising target of US$1 billion, closing with final commitments of US$1.285 billion from over 30 global pension funds, sovereign wealth funds, fund of funds and other institutional investors. The fund will focus primarily on investments in utilities, energy and transport infrastructure and has already invested in assets across Italy, the UK and the U.S.

The Basalt Group comprises an independent infrastructure equity investment firm with over

$2 billion under investment management and advisement, focusing on investments in utilities, energy and transport infrastructure, in Europe and North America. Basalt – led by Rob Gregor, Steven Lowry, Jeff Neil and Michael Cowell – has a team of 20 investment professionals delivering on the strategy from London and New York offices.

The Kirkland team was led by London-based investment funds partners Richard Watkins (Picture) and Jeremy Leggate with associates Zoë Pople and David Pritchett.

 

Involved fees earner: Richard Watkins – Kirkland & Ellis; Jeremy Leggate – Kirkland & Ellis; Zoë Pople – Kirkland & Ellis; David Pritchett – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Basalt Infrastructure Partners LLP;