DWS has raised €3 billion ($3.7 billion) for its Pan-European Infrastructure Fund III (PEIF III), surpassing its €2.5 billion ($3 billion) fundraising target.
Launched in 2019, PEIF III was backed by new investors and existing investors, including global and blue-chip investors from across Europe, Asia and the United States, according to several news reports.
The fund has committed some €1.1 billion ($1.3 billion) to date, across four transactions spanning the energy transition, healthcare and rail transport sectors.
“Our investment focus on the key macroeconomic trends of decarbonization and digitalization of the economy has proven its relevance in the current COVID crisis,” said Harold d’Hauteville, head of infrastructure equity, Europe, at DWS. “We will continue to progress a robust pipeline with a consistent focus on the sectors that will further contribute to the long-term recovery and the sustainability of our economies.”
