Infranode, a Swedish company that invests long-term in essential infrastructure in the Nordics in the energy, transport, telecommunications and social infrastructure sectors, has held a $530 million final close on its first fund. The capital will be invested long-term in Nordic infrastructure.
Infranode invests in both existing infrastructure and in new construction projects. Its investor base is comprised of pension funds such as the Fourth AP Fund, Folksam, KPA Pension and Finnish insurer LähiTapiola. Infranode has so far made two investments in Sweden and one in Norway.
“In the Nordic region, there is a significant investment need in infrastructure that is expected to exceed €200 billion [$237 billion] over the next 10 years. Our desire is to contribute to a more sustainable and stronger society in the Nordics through long-term investments in essential infrastructure,” said Christian Doglia, a founding partner at Infranode.
In June, Infranode I comple
