DWS has announced the final close of its third Pan European Infrastructure (PEIF III) fund achieving EUR3 billion (US$3.65 billion).  The original fund target was EUR2.5 billion (US$3 billion), and this is the third fund in the successful flagship PEIF series.

Launched in 2019, the fund with the European-focused strategy closed with more than 70 investors.  The investor base reflects a wide net of global and blue chip investors from across Europe (Germany, Italy), Asia (South Korea, Japan) as well as the United States. 

Hamish Mackenzie, Head of Infrastructure at DWS, said: “We are thrilled to achieve the final close of PEIF III, following on from PEIF and PEIF II which are currently ranked as top quartile funds. Our distinctive investment approach for our European strategies focuses on mature infrastructure assets in Europe and allows us to leverage the experience, expertise and successful track record of our investment team.”

The fund is focused on mature infrastructure assets in Europe. To date, PEIF III has committed around EUR1,05 billion (US$1.28 billion) across four transactions- two investments in energy transition, one in health care and one commitment in the rolling stock leasing sector.