Igneo Infrastructure Partners has wrapped up fundraising for its European Diversified Infrastructure Fund III (EDIF III), closing the fund above its hard cap at €5.3 billion ($6 billion).
This fourth and final series fundraise saw the fund attract commitments from 60 major global institutional investors, including the first investors in the European funds from the United States via a public pension fund, as well as the first investors from Taiwan and Singapore.
Igneo saw a 110 percent re-up (by capital) from investors who already invested in EDIF III’s predecessor funds. Approximately 60 percent of underlying EDIF III commitments were made by European institutional investors, with additional commitments coming from Asian, Australian and Canadian investors.
“We are proud that the strength of our offering has enabled us to welcome our first investors into the European funds from the United States, Singapore and Taiwan, while continuing to benefit from the on
