Access Capital Partners has held a €371 million ($432 million) final closing of ACIF Infrastructure, surpassing its initial target of €250 million ($291 million).
Access received equity for the fund from a diverse group of new and existing investors, including public and corporate pension funds, insurance companies, asset managers, family offices and foundations from across Europe.
ACIF Infrastructure is a direct investment fund targeting investments in European operational and cash-yielding infrastructure assets, alongside financial and industrial partners. To date, the fund has already invested in seven assets across a broad spectrum of sectors including transportation, utilities, renewable energy and telecommunications. A first yield distribution will be made to investors shortly after closing.
Access invests in infrastructure through a combination of direct and fund investments. With the closing of ACIF Infrastructure, Access has approximately €1.3 billion ($1.5 billion) in infrastructure assets under management, including commingled funds and segregated mandates.