**John Laing Infrastructure Fund Portfolio Value Up 7.2% Year To Date**
LONDON (Alliance News) – John Laing Infrastructure Fund Ltd (LON:JLIF) on Monday said growth in its portfolio value hit 7.2% in the year to date and said it continues to look at potential acquisition opportunities.
The FTSE 250-listed infrastructure investor said its actual growth in portfolio value in the year to November 7 was 7.2% to GBP809.9 million, on a rebased value of GBP755.8 million.
The group said it has completed GBP39 million worth of acquisitions since July 1, all from John Laing. The deals came after the fund raised GBP50 million in a share placing in September.
The fund said it has seen “steady” activity in the secondary market this year and said it is considering a number of investment opportunities, leading it to expect a similar level of market activity for the rest of 2014 and the start of 2015.
John Laing Infrastructure Fund shares were up 0.2% to 125.30 pence in early trade on Monday.
By Sam Unsted; email@example.com; @SamUAtAlliance
Copyright 2014 Alliance News Limited. All Rights Reserved.