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Sequoia seeks to raise £200m

01 September 2015 07:39

Sequoia Economic Infrastructure Income Fund has confirmed its intention to raise new capital late next month. The target is £200m.

The Board says it is very focused on delivering on the target returns indicated at its IPO but also recognises the benefits to all investors from a vehicle with greater scale and diversification.

As such, the Board believes this move will achieve the right balance between growing the fund to the benefit of investors and protecting existing shareholder returns.

Further details of the transaction, including the availability of a pre-emptive offer in respect of a significant part of the fund raise, will be provided later.

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Related Company: SEQI

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