NOVA Infrastructure, a middle-market-focused infrastructure investment firm, has announced that it held a final close of its second managed fund, NOVA Fund II. NOVA secured a total of $1.45 billion of aggregate capital commitments, exceeding NOVA II’s target by more than 30 percent and more than doubling the amount raised in NOVA’s inaugural fund, NOVA Fund I, which closed in 2022.
NOVA II continues NOVA’s strategy of focusing on value-added, middle market infrastructure investments in North America, targeting operating businesses in the environmental services, transportation, energy and energy transition and digital infrastructure sectors. The fund has made two platform investments to date, which include DartPoints, a provider of enterprise data centers, and UGE International, a community solar and battery storage business. NOVA currently expects to deploy Fund II across 10-12 total investments among its target sectors primarily in North America.
The fund receiv
