Independent investment management firm DTCP has closed its Digital Infrastructure Vehicle II (DIV II) and its associated vehicles at approximately €1.6bn, reaching its fundraising target and closing at almost eight times larger than its predecessor fund.
The fund, which will follow DTCP’s specialist digital infrastructure strategy and focus on data centres, fibre networks and mobile access sites, attracted capital predominantly from Europe, US, the Middle East and South Korea.
According to a press release, the fund is targeting equity investments in the range of €150m to €250m, along with “significant on-top co-investment opportunities for its investors”.
DIV II is classified as an Article 8+ fund in accordance with the EU Sustainable Finance Disclosure Regulation. This means it aims to have a minimum of 20% of its assets meeting sustainable investment criteria.
