International investment and specialised fund and asset management group, Babcock & Brown has reached final close on the Babcock & Brown European Infrastr
International investment and specialised fund and asset management group, Babcock & Brown has reached final close on the Babcock & Brown European Infrastructure Fund with total commitments of EUR 2.17 billion, exceeding its initial target of EUR 1.5 billion.
The fund will target additional investments in the energy, water and transport sectors as well as other critical infrastructure assets. The fund will benefit from Babcock & Brown’s network of more than 420 infrastructure originators and specialists worldwide, including its dedicated infrastructure staff in London, Paris, Milan, Munich, Madrid, Rome, Luxembourg, Vienna and Dublin.
Peter Hofbauer, global head of infrastructure st Babcock & Brown says, ‘We are delighted to be announcing the final close on the Babcock & Brown European Infrastructure Fund, the first in a series of unlisted infrastructure fund initiatives focused on key regions around the globe. The fund has received strong support from high quality investors, reflecting our track record of delivering attractive investment opportunities for our investors worldwide.’
Antonino Lo Bianco, European Head of Infrastructure at Babcock & Brown, says, ‘There is a wealth of high quality infrastructure investment opportunities in Europe and we are confident that our expertise and origination teams will create a portfolio of carefully selected high quality assets that will deliver strong returns for our investors in the fund.’
