On Monday, Tiger Infrastructure Partners, the well-known middle-market growth equity investor in infrastructure companies, announced that its third flagship fund has successfully closed at its hard cap with $1.25 billion in equity capital commitments (including commitments from Tiger itself). In a company statement, Tiger described the capital raise–which well exceeded its $750 million target–as “reflecting robust investor demand for the firm’s innovative strategy of providing transformational growth capital that enables the creation of tomorrow’s core infrastructure.”
Tiger attracted commitments from the largest existing institutional investors from its predecessor fund, and expanded its investor base to include global public and private pension funds, insurance companies, sovereign wealth funds, financial institutions, endowments and foundations, family offices, private wealth platforms and other institutional investors.
“Reaching our hard cap for Fund III and securing the participation of our largest existing investors while expanding our diverse investor base represents a tremendous vote of confidence in our innovative growth equity strategy,” Tiger CEO Emil W. Henry, Jr. said. “The Fund furthers our aspiration for Tiger to be the pre-eminent brand name for growth capital for tomorrow’s infrastructure as we continue to seek to be the partner of choice for talented entrepreneurs at the forefront of attractive, emerging infrastructure sectors. In the coming months and years, our deep and talented team will build upon the disciplined, partnership-oriented approach to value creation.”
The firm continues its primary focus on Communications (Digital), Transportation and Energy Transition where significant tailwinds are driving the need for newer infrastructure. Tiger’s strategy continues to include the deployment of seasoned Operating Partners, enhancing Tiger’s hands-on, value-added approach to growing portfolio companies, applying decades of operating and business-building experience.
The Fund has already invested in five innovative portfolio companies that exemplify the firm’s strategy, spanning each of Tiger’s target sectors:
- Summit Carbon Solutions, the world’s largest carbon capture and sequestration project
- NorthLink Aviation, a developer and operator of critical air cargo infrastructure
- 11:11 Systems, a managed infrastructure solutions provider of cloud, connectivity and security
- Qwello, which develops and operates turnkey EV charging point infrastructure to local municipalities
- Forsa Energy, a flexible power generation developer and operator advancing energy transition.
