The John Laing Infrastructure Fund unveiled plans to raise up to 240m pounds through the issue of 218.3m shares at between 107p and 111p.
The funds will be used to reduce debt and to buy a package of three public-private partnership projects for £103m.
Two of the projects are in UK and consist of a 75% shareholding in North Staffordshire Hospital and a 40% shareholding in Barnsley Building Schools for the Future. JLIF has also bought a 50% stake in Kelowna and Vernon Hospital in Canada.
The package of PPP projects are being bought from John Laing Group and the John Laing Pension Trust and will take JLIF’s total number of PPP assets to 52.
Since its launch nearly three years ago, JLIF has invested in 49 infrastructure projects from third party vendors and John Laing. It made its biggest acquisition to date in August, when it bought 11 assets and a further 5% stake in LUL Connect.
Chairman Paul Lester said: ‘The new projects, two in the UK and one in Canada, meet our strict investment criteria and complement our existing portfolio of high quality, low risk projects, allowing us to continue to deliver a stable and secure income to our investors.’