Igneo Infrastructure Partners has secured €5.3bn in total capital commitments for its European mid-market infrastructure fund.
The firm said the amount raised for the European Diversified Infrastructure Fund III (EDIF III) fund at close exceeded its hard cap.
EDIF III was backed by 60 global institutional investors, including the first investors in the European funds from the US via a public pension fund as well as the first investors from Taiwan and Singapore, Igneo said.
Commitments to EDIF III showed a 110% re-up rate from investors in previous funds, Igneo said, adding that European institutional investors contributed 60% of the commitments, with the remaining capital originating from investors in Asia, Australia and Canada.
So far, EDIF III has deployed or committed 90% of total commitments raised across 10 portfolio companies, including: Auto-Estradas do Douro Litoral, a Portuguese toll-road operator; B+T Group, a Franco-German energy-from-waste platform; Italian public lighting and smart city operator City Green Light; German biogas producer DAH Group; and Enfinium, the UK’s largest energy-from-waste platform.
EDIF III’s portfolio companies also include: Spanish bioenergy producer ENSO; pan-European liquid energy storage platform EVOS; Iberian renewables generator Finerge; Höegh Evi, a Norwegian developer and operator of floating storage and regasification units; and German fibre-optic network owner Westconnect.
Niall Mills, global head of Igneo, said: “We are proud that the strength of our offering has enabled us to welcome our first investors into the European funds from the US, Singapore and Taiwan, while continuing to benefit from the ongoing support of our investor base.
“Despite the challenges faced throughout 2025, we are pleased that our commitment to our investment philosophy of middle-market, responsible investment-led, proactive asset management has allowed us to deliver long-term sustainable value to our investors.”
Stephen O’Shea, head of investor relations and consultant engagement at Igneo, said: “We are extremely grateful to all our investors for their ongoing trust and support in this latest fundraise that enables us to continue to source, acquire and proactively manage high quality middle-market European infrastructure businesses.
“The increasingly busy transactions market being witnessed across the second half of 2025 will allow us to promptly deploy our investors’ capital.”
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