EUROPE - Dutch pension funds, including the giant ABP, are among investors in the DIF Infrastructure II fund which has been closed at approximately €200m.
It said the fund, formed to offer investors access to a portfolio of European infrastructure assets, will target primarily PPP/PFI and concession type of projects, such as roads, hospitals, schools, along with renewable energy projects, such as onshore wind and solar projects.
It will build on the investment track-record, relationships and team of two existing infrastructure funds; DIF PPP and DIF Renewable Energy, that have been established since 2005.
Menno Witteveen, managing partner at DIF, said: "Closing a new fund in these turbulent times is an indication of the confidence of investors for DIF's new fund.
"Our focus will remain on infrastructure and renewable energy assets in Europe that earn an attractive as well as steady cash-flow unconnected to changing market circumstances."
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