Cube Infrastructure Managers has raised €555 million ($658 million) for its Connecting Europe Broadband Fund (CEBF), surpassing its target equity fundraising size of €500 million ($593 million).
The fund attracted several European private investors in addition to the anchor investors, namely, the European Commission, the European Investment Bank, the German KfW Bankengruppe, the Italian Cassa Depositi e Prestiti and France’s Caisse des Dépôts et Consignations. According to Cube, €160 million ($190 million) — or about 30 percent of the fund — was raised from six private-sector institutional LPs. The CEBF was created to respond to growing demand for financing smaller-scale broadband projects across Europe. The fund is expected to unlock significant additional investments for broadband rollout in areas where very high-capacity networks are not deployed yet and invest in greenfield and expansion projects in the European broadband infrastructure space.
Since
