Alternative assets specialist Advisors & Partners has held a first closing for its newly launched Selective European Transportation Equipment Fund (SETEF), a private equity infrastructure fund focused on the European transportation sector.
The fund secured €100 million ($107 million) of aggregate commitments from institutional investors and was backed by the European Investment Bank (EIB) and the Banque des Territoires (Caisse des Dépôts Group) as anchor and lead investors. The target fundraise is €160 million ($171 million), with a hard cap of €208 million ($223 million). A&P plans to raise the balance of capital during 2024, and the final closing date for investors is expected to take place on or before fourth quarter 2024.
SETEF is the first fund in a series of private equity infrastructure transition finance funds dedicated to the long-term development, operation and financing of European transportation equipment assets. The fund’s investment stra
