Aztec/Carey Olsen support Basalt infrastructure fund

Posted: 19/02/2021

Fund and corporate services provider the Aztec Group has supported the closing of Basalt Infrastructure Partners' third fund, Basalt III, which raised $2.75bn to invest in infrastructure equity opportunities.

The London and New York-based infrastructure investment firm said the fund, which received commitments from 47 investors globally, had exceeded its original target of $2bn.

Aztec Group, which has worked with Basalt Infrastructure Partners since 2016, supported the closing of Basalt III and will provide ongoing administration and accounting services to the fund from its Guernsey, Luxembourg and UK offices. 

Chris McErlane, Aztec Group Head of Real Assets – Guernsey, said: “To raise a fund that exceeds its target in the current global climate is a real achievement and evidences investors’ confidence in Basalt’s approach to mid-market infrastructure investing and focus on bilateral deal sourcing.” 

The fund will focus on opportunities in the utilities, power, transport and digital communications sectors across North America and Europe.

Carey Olsen's corporate team in Guernsey advised Basalt Infrastructure Partners on all Guernsey legal and regulatory aspects of the fund's launch. The team, led by Partner David Crosland, included Senior Associate James Cooke and Associate Colin Calvert.

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