HICL, a closed-ended investment company managed by InfraRed Capital, agreed to acquire a minority stake in Cross London Trains, a public private partnership that owns the recently delivered fleet of rolling stock, from Equitix, an investment company. Financial terms were not disclosed. "Cross London Trains is one of the largest rolling stock fleets in the UK. Its electrified trains are modern and efficient, sustainably serving the needs of commuting and leisure travellers alike. This investment further contributes to the delivery of HICL's vision to connect communities through investments in core infrastructure, while delivering long-term income to shareholders," Edward Hunt, InfraRed Head of Core Income Funds.