DIF Capital Partners (DIF) has announced the final close of DIF Infrastructure VI (DIF VI) at EUR 3.03 billion (US$ 3.569 billion), exceeding its EUR 2.5 billion (US$ 2.708 billion) target. DIF VI targets equity investments in projects and companies with pre-dominantly long-term contracted or regulated income streams including public-private partnerships, concessions, utilities, and (renewable) energy projects, that generate stable and predictable cash flows as well as attractive risk-adjusted returns. The fund targets both greenfield and operational investments in Europe, the Americas, and Australasia.
DIF VI has seen strong backing from existing and new investors to the DIF platform, receiving commitments from leading institutional investors across the globe.
DIF VI has made a strong start, having committed to three investments to date thereby deploying ca. 20% of the fund. This includes investments in (i) BluEarth, a Canadian renewable energy platform, (ii) Cascade, a 900 MW long-term contracted Canadian power project, and (iii) stakes in Norte Litoral and Via do Infante, two Portuguese availability-based PPP roads. Furthermore, the fund has a strong pipeline of investments across its target sectors and geographies, including both greenfield and operational projects.