Meridiam is seeking to raise €1.8bn for its latest European infrastructure fund, according to an investor’s meeting document.

Sacramento County Employees’ Retirement System (SCERS) revealed it approved a €42m commitment to the Meridiam Sustainable Infrastructure Europe IV fund last month.

According to fund raising sources, the fundraising by Meridiam is at its early stages.

It is also understood that Maine Public Employees Retirement System has recently made an €85m commitment to the core-plus fund which targets a variety of infratsture assets.

Meridiam raised €1.3bn for the predecessor Meridiam Sustainable Infrastructure Europe III fund in April 2016.

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