Igneo Infrastructure Partners has concluded the Series 3 fundraising for its European Diversified Infrastructure Fund III (EDIF III), growing the fund to more than €4.1 billion ($4.4 billion) in commitments and a further approximately €2.1 billion ($2.3 billion) of potential co-investment commitments, which came from 55 global institutional investors.
Igneo said some 63 percent of EDIF III’s commitments came from investors who are already invested in predecessor funds EDIF I & II. Some 62 percent of underlying EDIF III commitments were made by European institutional investors, with further commitments from Asian, Australian and North American institutional investors.
EDIF III has a hard cap of €5 billion ($5.4 billion), and an additional Series 4 of fundraising is anticipated. The fund strategy remains consistent with predecessor funds EDIF I & II and targets investments in European mid-market, sustainable, mature, economic infrastructure assets in the