DIF Capital Partners (DIF) has raised EUR 6.8 billion (US$ 7.4 billion) for its latest infrastructure funds, DIF Infrastructure VII (DIF VII) and DIF Core-Plus Infrastructure Fund III (CIF III).
The company successfully concluded the fundraising for DIF Infrastructure VII at EUR 4.4 billion (US$ 4.8 billion) and DIF Core-Plus Infrastructure Fund III at EUR 1.6 billion (US$ 1.7 billion), along with specific co-investment vehicles totaling EUR 800 million (US$ 873 million). Notably, both DIF VII and CIF III exceeded their initial target fund sizes of EUR 4 billion (US$ 4.3 billion) and EUR 1.5 billion (US$ 1.6 billion), respectively. The cumulative commitments for the preceding funds, DIF VI and CIF II, amounted to EUR 3.0 billion (US$ 3.2 billion) and EUR1 billion (US$ 1.09 billion).
Both fund strategies are oriented towards a blend of operational and greenfield investments, with a primary focus on Europe and North America. These funds garnered commitments from a diverse institutional investor base comprising over 110 investors globally, spanning Europe, the Americas, Asia, and the Middle East. Investors include public and private pension plans, sovereign wealth funds, insurance companies, financial institutions, foundations, and private wealth investors. DIF VII encompasses sectors such as transportation, renewable energy, digital infrastructure, and utilities. On the other hand, CIF III concentrates on domains including digital infrastructure, energy transition, and sustainable transportation.