HICL eyes more deals as profits rise

HICL, a fund that invests in infrastructure projects, yesterday posted pre-tax profits of £153.8m for the year, up from £93.1m the prior year. The firm has invested £230m during the year, which includes 16 new investments. “Despite competitive markets, we still believe we will be able to make further investments, both in the UK and, selectively, overseas,” said Tony Roper, director at InfraRed Capital Partners, the company’s investment adviser.