Infranode, a Nordic-based infrastructure manager, has completed the final close on its second fund, Infranode II, with more than €1.2 billion ($1.4 billion) of capital commitments.
Infranode II surpassed its €1 billion ($1.2 billion) fundraising target and was more than twice the size of its predecessor, Infranode I, which closed in 2017 at SEK 4.45 billion ($522 million).
A total of 19 long-term investors backed Infranode II, including Nordic institutions such as Folksam, KPA, Keva, Storebrand and the IMAS Foundation.
“Our mission is to be a leader in sustainable, future-proofed infrastructure investments through long-term partnerships with key stakeholders in the Nordics,” said Philip Ajina, founding partner and CIO of Infranode. “For Infranode II, we see great potential across all of the Nordic countries in sectors such as energy and utilities, renewables, digital infrastructure, transportation, as well as in social infrastructure.”
Infrano
