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Babcock & Brown raises $450m US infrastructure fund

Dow Jones Newswires -- Investment and advisory firm Babcock & Brown said Thursday it has raised an additional $450m (€293m) to invest in infrastructure in North America.

The commitment from investors brings the capital raised by Babcock & Brown for investment in North American infrastructure projects to about $1.85bn. Some of the capital has already been invested in assets including an interest in the Natural Gas Pipeline Company of America.

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