Abrdn has raised €585 million ($605 million) of commitments for its third core/core-plus infrastructure fund, Aberdeen Standard Core Infrastructure Fund III, (ASCI III), according to several news reports.
The strategy is focused on direct investments in European mid-market core and core-plus infrastructure opportunities. According to Abrdn’s website, the fund had a target of €1 billion ($1.03 billion).
In its first closing in February 2022, the fund received strong support from both existing investors from Fund I and II, as well as several new investors. Commitments have come from a wide range of financial investors, including corporate and local authority pension funds, fund-of-funds, and charitable foundations from the United Kingdom, Continental Europe, Japan and North America.
ASCI III already has made seven investments across Europe.