Sequoia Considering Capital Raise Through C Share Issue (ALLISS)

LONDON (Alliance News) - Sequoia Economic Infrastructure Income Fund Ltd said Thursday it is considering raising additional capital through the issuance of C shares, due to a sizeable pipeline of near term investment opportunities.

The fund, which invests in senior and subordinated economic infrastructure debt, said around 95% of the proceeds raised from its initial public offering and from the C share issuance in November have been deployed.

Sequoia noted it would also be looking to raise the funds in light of the "attractive investment environment and a growing number of opportunities in the economic infrastructure debt market".

Sequoia added any capital raise, including its timing, size and approval by the board, will be subject to prevailing market conditions.

By Hannah Boland; hannahboland@alliancenews.com; @Hannaheboland

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Sequoia Economic Infrastructure Fund