John Laing Infra raises £35m

John Laing Infrastructure Fund (JLIF) yesterday tapped investors for £35m in a share placing to raise money to pay down debt. Shares were placed at 114.5p, a discount to Wednesday’s closing price of 117p. JP Morgan Cazenove ran the book. The placing comes after JLIF acquired a 30 per cent stake in Peterborough Hospital in April for £26.7m. The money will be used to pay back the debt provided to fund the acquisition.