- Sequoia Economic Infrastructure Income Fund said it had successfully raised £216m from a share issue.

The company said the issue had been significantly oversubscribed and that a a scaling back exercise has been undertaken.

'We are delighted at the success of this issue,' chairman Robert Jennings said.

'On behalf of the board, I would like to thank our existing shareholders and new investors for their support.'

'The proceeds raised will be used to repay our RCF and grow our diversified portfolio through disciplined investment in a diversified pipeline of attractive economic infrastructure debt opportunities.'

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