InfraVia Capital Partners has held the final closing of InfraVia European Fund III (InfraVia III) with total commitments of EUR1 billion.
The fund surpassed its initial target of EUR750 million.
Fund commitments were obtained from a wide range of institutional investors from Europe, North America, Asia and the Middle-East.
FIRSTavenue served as the sole global placement agent for non-French investors.
InfraVia European Fund III will focus primarily on core plus, mid-market, infrastructure with value add capabilities across a broad spectrum of infrastructure opportunities including in the transportation, energy, utilities and telecom sectors. To date, InfraVia III has already invested in two European infrastructure assets: Alkion Terminals in the Netherlands and NGD data centre in the UK.
“Hitting our hard cap within six months certainly evidences the confidence of our investors in our mid-market strategy and our capacity to create value throughout the investment cycle. We are very pleased to strengthen our relationships with our existing clients with a very strong re-up rate and we are also delighted to expand our investors’ base across the globe,” says Vincent Levita, Founder and chief executive officer of InfraVia.
“We would like to congratulate InfraVia. With this fundraise InfraVia confirms their position as one of the leading infrastructure fund managers in Europe. We look forward to continuing our relationship with the team and we wish them and their investors the best success in the next few years,” says Paul Buckley, founder and managing partner of FIRSTavenue.
