iCON Infrastructure Celebrates Successful $3.7B Fund Close

Funding | Aug 18, 2025 | Fried Frank

iCON Infrastructure Celebrates Successful $3.7B Fund Close

iCON Infrastructure has successfully closed its latest fund, iCON Infrastructure Partners VII (iCON VII), with an impressive total of approximately $3.7 billion in commitments. The fundraising, conducted with guidance from legal counsel Fried Frank, attracted substantial attention and backing from major institutional investors, affirming iCON's robust investment strategy and reputable track record. This latest fund continues iCON's strategic focus on long-term equity investments in privately-held, mid-market infrastructure companies across Europe and North America. This effort reinforces iCON’s dedication to investing in diverse infrastructure fields such as Transport, Utilities, Telecoms, Energy & Environment, and Social Infrastructure. Fried Frank's involvement in this successful fundraising also follows their advisory role in the prior iCON VI fund in June 2022. The fundraising was handled by Fried Frank's legal experts, led by partners Kate Downey and Piers Harris.

Sectors

  • Infrastructure Investment
  • Legal Advisory
  • Private Equity

Geography

  • Europe – The article notes iCON Infrastructure's investment focus on European mid-market infrastructure companies.
  • North America – North America is also a target region for iCON Infrastructure's investment strategy, as stated in the article.

Industry

  • Infrastructure Investment – The article discusses a significant fund close in the infrastructure sector, focused on mid-market, private equity investments in infrastructure businesses.
  • Legal Advisory – Fried Frank provided legal advisory services for the fundraising activities of iCON Infrastructure, highlighting the role of legal counsel in investment processes.
  • Private Equity – iCON operates within the private equity landscape, raising significant funds for investment in infrastructure projects.

Financials

  • 3.7 billion USD – The total amount raised for the iCON Infrastructure Partners VII fund.

Participants

NameRoleTypeDescription
iCON InfrastructureTargetCompanyiCON Infrastructure is an investment firm focused on mid-market, long-term equity investments in infrastructure businesses in Europe and North America.
Fried FrankLegal AdvisorCompanyFried Frank acted as the legal counsel for the fundraising of iCON Infrastructure Partners VII, providing guidance throughout the process.
Kate DowneyPartnerPersonKate Downey is a partner at Fried Frank and was part of the team leading the advisory services for iCON Infrastructure.
Piers HarrisPartnerPersonPiers Harris is a partner at Fried Frank, involved in providing legal advisory in the fundraising for iCON Infrastructure Partners VII.