Cube Infrastructure’s €1.35bn Fund: A Global Investor Call to Action for Infrastructure

The investment outfit Cube Infrastructure Managers said it has just set a fundraising record for the firm.

Luxembourg-based Cube Infrastructure Managers has announced that they had successfully completed the final close of their Cube Infrastructure Fund III, having secured €1.35bn in fund commitments and an additional €150m in co-investment pledges. The final closure followed an initial amount of €1bn the previous September,  revealed the firm in a press release on Monday 4 September.

Cube III emerged as the sequel to Cube Infrastructure Fund II, which itself had closed at €1bn in 2019. Like its predecessor, Cube III was geared towards providing stable yield and long-term capital appreciation by directing funds into the burgeoning European brownfield infrastructure sector, reported the firm in the statement.

The fund’s substantial financial backing came from a diverse group of institutional investors hailing from North America, Europe, Asia and the Middle East.

Since making its first investment last October, Cube III has already funneled roughly €700m into a range of infrastructure assets.

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The portfolio includes a diversified set of companies, such as energy transition companies like ENETIQA, Norsk Vannkraft and GRECO; datacenter operators such as firstcolo and GleSYS; waste management companies like Sepur and RiverRidge; transport logistics platforms such as Dispam and Müller Transporte; and EV charging network operators like Kople and Stations-e.

Renaud de Matharel, the CEO and managing partner of Cube Infrastructure Managers, stated “We’re thrilled to share the news of this successful milestone for our Cube III fund.” He further added “We’re proud to continue our successful investment strategy and look forward to delivering high-quality infrastructure assets in the rapidly evolving European mid-market space.”

To date, the firm had amassed €4.2bn through four distinct funds, each focusing on either regulated, brownfield or greenfield infrastructure investments.

Source: Delano

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