Bloomberg News

DIF Infrastructure Exceeds 600 Million-Euro Fundraising Target

February 04, 2013

Dutch Infrastructure Fund BV, a Schiphol-based fund manager, raised more cash than planned for its DIF Infrastructure III fund, part of which will finance renewable-energy projects.

The fund obtained 604 million euros ($818 million) from investors at its third close, exceeding a 600 million-euro goal, the company said today in a website statement. DIF will seek public-private partnerships, or PPPs, and clean-energy investments offering long-term, steady gains, it said.

“The larger the fund, the more we can do with renewable energy,” Managing Partner Wim Blaasse said by phone from Schiphol. The company plans to allocate about a quarter of the fund to renewables, targeting investments in western Europe and North America, he said.

The fund reached its second close in December having first raised finance in May. It has a cap of 750 million euros at final close, or the last opportunity for new investors to step in, slated for the end of this quarter.

DIF is the preferred bidder on a number of clean-energy and PPP deals, Blaasse said, declining to give details.

To contact the reporter on this story: Sally Bakewell in London at sbakewell1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


Burger King's Young Buns
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus