John Laing Infrastructure Fund begins £122m recap
John Laing Infrastructure Fund, the FTSE 250-listed closed end investment fund, is raising £122m through a capital increase led by JP Morgan to reduce its debt after investing in over 60 projects since its creation in 2010.
The deal will consist of up to 89.8m new shares, at a price to be determined during a five day bookbuild, which closes on March 27.
It will be the 11th time JLIF has raised capital since its £270m IPO in November 2010, according to Dealogic. JP Morgan
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