NETHERLANDS - DIF Infrastructure II has closed at €571m, comfortably exceeding its target of €500m.
The fund, which started in October 2008, is the successor fund of DIF PPP and DIF Renewable Energy, offering its investors access to a portfolio of European infrastructure assets, primarily PPP/PFI concession projects.
The fund targets both primary and secondary investment opportunities and expects to invest €10-€50m per transaction. It currently comprises 18 PPP/PFI projects, 12 onshore wind projects in Germany and France and two solar power projects in France. Committed capital to date is over €275m.
Kartsten Sinner, senior investment officer at the European Investment Bank said: "The EIB has been supporting DIF since inception as a cornerstone investor in the first fund and as a major shareholder in all three funds. Through support for such funds, private investors match and multiply EIB's investments in the bank's target sectors."