A DIF Capital Partners fund has sold its 50% stake in Royal Jubilee Hospital to its co-shareholder Innisfree for an undisclosed sum.

DIF said the DIF Infrastructure III fund has sold the undisclosed stake in the public-private partnership hospital located in Victoria, Canada to the infrastructure investor.

The 500-bed Royal Jubilee Hospital project consists of the design, construction, financing, maintenance and operations of the hospital during 30 years from construction completion which was in December 2010.

Andrew Freeman, head of exits at DIF, said: “We are very pleased to have been able to complete another strong exit, underpinning the high quality and stable nature of our assets also during uncertain times.”