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Prudential unit raises $1.5bn for infrastructure fund

Insurance giant's infra arm recently raised money for a separate fund targeting 'greenfield' projects

Prudential unit raises $1.5bn for infrastructure fund

M&G Infracapital, the infrastructure investment arm of life insurance company Prudential, has gathered $1.52bn for its third investment vehicle, FN's sister publication Private Equity News reports.

The fund, Infracapital III, has a $2.5bn target and is being raised by placement agent Campbell Lutyens & Co, according to filings with the US Securities and Exchange Commission.

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