DIF Capital Partners has raised more than €3bn for its latest global infrastructure fund.
DIF Infrastructure VI secured €3.03bn of commitments in a final close, exceeding its €2.5bn target and the €1.9bn raised for its predeccesor.
Existing and new investors from across the globe have joined the fund, including the Los Angeles County Employees Retirement Association, which committed €150m, as reported last week.
DIF said the fund targets equity investments in projects and companies with predominantly long-term contracted or regulated income streams, including public-private partnerships, concessions, utilities, and renewable energy projects.
The fund can also invest in greenfield projects as well as operational assets.
It has already deployed approximately 20% of its capital, and last month acquired stakes in two Portguese toll roads for €171m.
Allard Ruijs, partner at DIF, said: “We are proud of this achievement, especially in the challenging times in which we live, which is a testimony to the strength of the DIF platform and the attractiveness of the DIF VI proposition.
“Over the past 15 years, the team has been able to generate attractive returns for our investors by consistently investing in high quality projects, enhancing project value during our ownership through active shareholder engagement, as well as by achieving successful realisations.
“We are confident that DIF VI will be a successful continuation of this strategy, leveraging DIF’s unique global office network and dedicated local teams to source and manage attractive investment opportunities and build robust and diversified portfolios.”
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