Cube Infrastructure Managers (Cube) has held the final close of the Cube Infrastructure Fund III (Cube III) with total fund commitments of €1.35bn and additional co-investment commitments of approximately €150 million, making it the firm’s largest ever investment vehicle.
Cube III is the successor fund to Cube Infrastructure Fund II (Cube II), which closed at €1 billion of total commitments in June 2019. Like its predecessor, Cube III will aim to generate regular yield and long-term capital appreciation through investments in the European brownfield infrastructure space.
The fund boasts a well-diversified, global investor base of existing and new institutional investors from North America, Europe, Asia and the Middle East.
Cube III made its first investment in October 2021 and has since invested approximately €700 million in 11 assets. Current portfolio companies include: energy transition companies ENETIQA, Norsk Vannkraft and GRECO; datacenter operators firstcolo and GleSYS; waste management companies Sepur and RiverRidge; transport logistics platforms Dispam and Müller Transporte; and EV charging network operators Kople and Stations-e. Cube III has also recently signed an agreement to acquire Urbaser Nordic, a leading waste collection platform in Scandinavia
