Infrastructure CCD Closes

Infrastructure CCD Closes

Funds

Mexico’s I Cuadrada (I2), a unit of US-based PE manager Black Creek, has raised MXP2.74bn through an infrastructure-focused certificado de capital de desarrollo (CCD) transaction. Participation came from 9 institutional investors, with the majority coming from pension funds. Mexico Retail Properties (MRP), a sister unit of I2, will co-invest 10% from its own funds, along with those raised from CCD investors, which will bring the total up to just over MXP3bn, says an official at MRP. The fund cre

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