DIF holds €800 final close
Independent fund manager DIF has held an €800 million ($1.0 billion million) final close for its third infrastructure fund, DIF Infrastructure III.
The fund launched in 2011 with €600 million ($770 million) target with a hard cap of €750 million (4960 million). After its first close in May 2012, the firm increased its fundraising goal to €800 million ($1.0 billion) in order to facilitate the strong demand from existing and new investors. A second close was held in December with an additional €463 million ($593 million) in equity commitments.
After the first close, the majority of the equity commitments were primarily from European investors.
“We have seen a strong commitment by existing European investors with a re-up rate of 70 perc