DIF Capital Partners (DIF) has announced the successful raising of EUR 6.8 billion for its latest infrastructure funds, achieving final closes for:
- DIF Infrastructure VII (DIF VII) at EUR 4.4 billion,
- DIF Core-Plus Infrastructure Fund III (CIF III) at EUR 1.6 billion,
- Certain Co-investment vehicles at EUR 0.8 billion.
This accomplishment marks a 50% increase compared to the previous funds, solidifying DIF Capital Partners’ standing as an infrastructure fund manager with over EUR 17 billion in assets under management. Founded in 2005, DIF has established itself as a leading player in managing mid-market investments, predominantly in Europe and North America.
DIF VII and CIF III – Fund Strategies and Investor Demand
DIF pursues two strategies with its funds:
- Traditional DIF funds focus on infrastructure projects and companies in the energy transition (including renewables) and utilities sector, as well as concessions.
- CIF funds target companies with strong growth potential in infrastructure sectors like digital infrastructure, energy transition, and sustainable transportation.
The new traditional fund DIF VII and the new CIF III surpassed their target fund sizes, receiving strong demand from a diverse institutional investor base of over 110 global investors. According to DIF, both will predominantly target operational and greenfield investments in Europe and North America.
The funds received commitments from various institutions, including public and private pension plans, sovereign wealth funds, insurance companies, financial institutions, foundations, and private wealth investors.
Our Related Project and News – Infrastructure Investment and Funds
DIF VII – Fund Details
DIF VII focuses on infrastructure investments, often concession-based (public-private partnerships) or with long-term offtake agreements, providing stable and predictable cash flows and attractive risk-adjusted returns. Sectors covered include transportation, (renewable) energy, digital infrastructure, and utilities.
CIF III – Fund Details
CIF III targets investment opportunities with strong growth potential across various infrastructure sectors, including digital infrastructure (specifically data centers and fiber), energy transition, and sustainable transportation.
DIF VII and CIF III – Current Commitments and Investments
Both funds have already invested or committed to nine investments each, deploying around 50% of total commitments.
For DIF VII, notable investments include Saur (global water solutions provider), Fjord1 (Norwegian electric ferry concessions operator), and Green Street Power Partners (US distributed solar developer/IPP).
CIF III’s investments include:
- Metrofibre (German urban fiber roll-out platform).
- Tonaquint (US data center platform).
- Rail First (Australian rail leasing business).
Leadership Comments
Wim Blaasse, CEO at DIF Capital Partners, expressed gratitude to investors, highlighting the successful fundraising as a testament to DIF’s leading position in the infrastructure market.
Gijs Voskuyl, Deputy CEO, emphasized the exciting investment opportunity within the growing demand for infrastructure capital, expressing confidence in leveraging their capital for attractive investment opportunities. He also highlighted the collaboration with CVC and the potential for growth in investment capabilities and geographic reach.
