Meridiam Eyes US, Canadian Infrastructure With New $1B Fund

Law360, New York (October 19, 2012, 7:50 PM EDT) -- After closing a $1.05 billion North American fund earlier this month, Meridiam, the trans-Atlantic infrastructure investor behind the first privatized courthouse in the U.S. and the ongoing Port of Miami tunnel project, is looking to start spending, CEO Thierry Deau told Law360.

The fund closed on Oct. 1 after about 30 months on the road. It has investments from Credit Agricole Private Equity, its former parent, and U.S. pension funds in California and Maine. Deau said that despite the slower-than-expected U.S. privatization market and a patchy...
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