Final close achieved for China Everbright overseas infrastructure fund

China Everbright overseas infrastructure fund has achieved final close after raising US$ 450 million for the fund. The fund completed its first close in July 2017 with $300 million in capital commitments and completed a second closing in September 2017 with an additional $100 million from a wholly-owned subsidiary of China Life Insurance Co.

The final close of the fund achieved on August 30, 2019. The fund expects to invest in targets that focus on transportation, telecommunication, renewable energy, car parking and other social infrastructure, oil and gas pipeline, and storage, as well as utility sectors. In April 2019, the fund lowered its fundraising target to US$600 million and possibly again afterward, as it now says the money it raised brings the fund to the right size.