Arcano Partners has launched a new fund-of-funds, Arcano Earth Fund II, which will invest in sustainable infrastructure located in the U.S. and Europe through investment in funds and co-investments whose underlying assets are focused on energy transition, water, sustainable transportation, and digital infrastructure.

The target size of the fund is EUR300 million (US$357.69 million). Fund's investment strategy involves 70% investments as primary and 30% investment as co-investments and secondaries with a target rate of return of 7% to 8% per year.