John Laing Infrastructure Fund has reported underlying growth of 2.1 per cent to £413.3 million in the first quarter of 2012.
In an interim management statement, the international PPP infrastructure investment company said its actual portfolio value had increased by £32.9m.
In the same period, it acquired three social housing private finance initiative projects from United House for £30.5m and acquired the remaining stake in the North East Fire and Rescue PPP project from Shephard Construction for £1.2m.
It acquired 100 per cent of Roseberry Park Hospital for £13m from John Laing.
The statement said: “The outlook for JLIF and the secondary PPP infrastructure sector remains consistent with previous reporting.
“The UK government has announced a substantial pipeline of future infrastructure projects of which it expects almost two thirds to be privately financed. The infrastructure space has performed with stability against broader macroeconomic volatility.
“The UK government continues to focus on economic infrastructure, which naturally promotes an environment of recycling of equity from primary market participants as they engage in the new programmes the government is procuring. The UK’s international counterparts generally continue to favour social focussed infrastructure, for example, healthcare and education. This affords JLIF the opportunity to continue to grow its overseas portfolio.”