A new $1.9 billion infrastructure fund has launched from Guernsey.
iCON Infrastructure Partners V beat its fundraising target within three months of starting fundraising.
iCON is an independent investment group focusing on privately held investments in infrastructure assets in Europe and North America, with more than €2.5 billion under management and has used Guernsey for previous funds.
Intertrust in Guernsey is administrator for the fund. Its Guernsey-based funds director Kees Jager said:"We're delighted to have been appointed as the preferred administration service provider for the iCON V structure, building on the strong and well-established relationship we already have with iCON."
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