DIF Capitals Raise $7.39 Billion for Its Latest Infrastructure Fund

DIF Capital Partners (DIF), a leading global infrastructure fund manager in the Netherlands, has raised $7.39 billion for its latest infrastructure funds with final closes across DIF Infrastructure VII (DIF VII) $4.78 billion, DIF Core-Plus Infrastructure Fund III (CIF III) $1.74 billion, and certain Co-investment vehicles $869 million.

DIF experienced strong investor demand from both existing and new institutional investors across the globe, enabling both DIF VII and CIF III to exceed their target fund sizes of $4.35 billion and $1.63 billion respectively. Total commitments for the predecessor funds (DIF VI and CIF II) equalled $3.27 billion and $1.09 billion.

DIF VII targets infrastructure investments, often concession-based or with long-term offtake agreements offering stable and predictable cash flows as well as attractive risk-adjusted returns. Sectors covered are transportation, (renewable) energy, digital infrastructure as well as utilities.

CIF III targets investment opportunities with strong growth potential. It focuses on a broad range of infrastructure sectors including digital infrastructure (specifically datacentres and fibre), energy transition as well as sustainable transportation.

Both fund strategies target a mix of operational and greenfield investments and predominantly focus on Europe and North America.

Commitments from Over 110 Investors

The funds received commitments from a diverse institutional investor base of more than 110 investors across Europe, the Americas, Asia, and the Middle East, including public and private pension plans, sovereign wealth funds, insurance companies, financial institutions, foundations, and private wealth investors.

Wim Blaasse, CEO at DIF Capital Partners, said that they were grateful to their investors for their trust and support, and this successful fundraising reinforces DIF’s leading position in the infrastructure market.

“In addition, we are excited by the journey ahead as we team up with CVC, and accelerate the growth of our investment capabilities, our geographic reach, and lever the CVC network,” Blaasse said.

Gijs Voskuyl, Deputy CEO at DIF Capital Partners, said that an ever growing demand for infrastructure capital provides an exciting investment opportunity for them and with their investment track record and experienced teams on the ground across DIF’s network of offices in 11 countries, they were confident to use this capital to take advantage of attractive investment opportunities.

To date, both funds have invested or committed to nine investments each, thereby deploying around 50% of total commitments.

For DIF VII this includes investments in Saur, a global water solutions provider, Fjord1, a Norwegian electric ferry concessions operator and Green Street Power Partners, a US distributed solar developer/IPP.

For CIF III this includes investments in metrofibre, a German urban fibre roll-out platform, Tonaquint, a US datacenter platform and Rail First, an Australian rail leasing business.

DIF Capital Partners is an infrastructure fund manager with more than $18.47 billion of assets under management. DIF was founded in 2005 and has a leading position in managing mid-market investments, primarily in Europe and North America.