Conduit Fourth Fund to Diversify

Conduit Capital is launching a new infrastructure fund to invest in areas like transportation, according to managing partner Scott Swensen. Although more than a year from launch, he says the $800m-$1bn fund will consider projects such as airports and seaports, but likely not toll roads. “We’re considering broadening into new infrastructure,” Swensen told LatinFinance’s Innovation in Latin American Infrastructure Finance seminar in Miami. Conduit has in the past dealt only in power and gas pipeline projects. “Local markets are more developed, inflation is now under better control and we have a lot more tolerance for currency risk,” says the investor. Conduit is a private equity fund that invests in LatAm and the Caribbean.