Publications

Fundraising

Mirova raises €600m for European brownfield infrastructure fund

by Andrea Waitrovich

Mirova, a boutique infrastructure investment affiliate of Paris-based Natixis, has raised €600 million ($678 million) in equity commitments for the first close of its first brownfield infrastructure fund, the Mirova Core Infrastructure Fund SCS SICAV-SIF.

The firm surpassed its €500 million ($565 million) equity fundraising target. The fund’s final close is expected to be held in October 2015.

The Mirova Core Infrastructure Fund focuses on brownfield public-private partnerships in continental Europe. It has made investments across 18 assets, including transportation, broadband networks and a diverse range of social infrastructure projects.

The fund has a 25-year fund term, matching the long-term nature of the investments it will hold.

Upon completion of the fundraising for this fund, the Mirova General Infrastructure Platform will manage more than €1 billion ($1.1 billion) of assets. With Mirova’s first two equity funds dedicated to greenfield infrastructure, the Mirova Core Infrastructure Fund broadens the types of transaction the firm can now pursue.

 

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?