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Laxman Pai, Opalesque Asia:

Igneo Infrastructure Partners, the direct investors in infrastructure assets, has raised €4.1bn ($4.4bn) for its European Diversified Infrastructure Fund III (EDIF III) and secured approximately €2.1bn of potential co-investment commitments from 55 institutional investors.

EDIF III has a hard cap of €5bn and a further round of fundraising is expected, said a media release from the infrastructure investment arm of First Sentier Investors Group.

Investors in previous funds in the EDIF series represent 63% of commitments, and some 62% of commitments were made by European institutional investors. The rest came from Asian, Australian, and North American investors.

The fund has deployed €2.7 billion across the 5 businesses currently in the EDIF III portfolio, said the release.

The fund strategy remains consistent with predecessor funds EDIF I & II and targets investments in European mid-market, sustainable, mature, economic infrastructure assets in the energy, transportation, utility, and telecommunications sectors.

Niall Mills, Managing Partner and Global Head at Igneo said, "Despite the challenges of the past 18 months, we are very proud that our philosophy of responsible investment-led proactive asset management has continued to deliver long-term sustainable value for our investors."

"Globally, our business continues to grow from strength to strength with our European and global portfolios delivering strong pe......................

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