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Laxman Pai, Opalesque Asia: Dutch infrastructure investment firm DIF Capital Partners has raised more than €3bn for its latest global infrastructure fund.
DIF Infrastructure VI secured €3.03bn ($3.6bn) of commitments in a final close, exceeding its €2.5bn target and the €1.9bn raised for its predecessor DIF Infrastructure V, closed in May 2018.
DIF VI targets equity investments with long-term contracted or regulated income streams including public-private partnerships, concessions, utilities, and renewable energy projects located in Europe, the Americas, and Australia.
DIF VI has seen strong backing from existing and new investors to the DIF platform, receiving commitments from leading institutional investors across the globe, said the North-Holland-based manager in a press release.
Investors in the fund include the $58.2 billion Los Angeles County Employees Retirement Association, Pasadena, Calif., which made a commitment of €150 million in October.
Allard Ruijs, Partner at DIF Capital Partners said: "We are proud of this achievement, especially in the challenging times in which we live, which is a testimony to the strength of the DIF platform and the attractiveness of the DIF VI proposition. Over the past 15 years, the team has been able to generate attractive returns for our investors by consistently investing in high-quality projects, enhancing project value during our ownership through active shareholder engagement, as well as by achieving successf...................... To view our full article Click here
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