Evli Infrastructure Fund I Ky, an alternative fund established in February 2020, raised another EUR 35 million (US$ 40.75 million) in its third closing on October 15, 2020. The size of the fund is now EUR 104 million (US$ 121.08 million). The fundraising will continue after the closing, and the final close of the fund will take place in early 2021. The target size of the fund is EUR 100-200 million (US$ 116.43-232.86 million).

Evli Infrastructure Fund I Ky invests in infrastructure projects, which includes water and district heating companies, social infrastructure, telecommunications infrastructure such as telecommunications networks and data centers, roads and ports, energy production and distribution companies, and renewable energy. The investments are made mainly in Europe, but also in the United States and other OECD countries. The fund operates with a fund-of-funds strategy, with the aim of carefully selecting the 7-10 best infrastructure funds into the investment portfolio. There will be approximately 80-120 infrastructure projects and companies in the portfolio. The first commitments to target funds were made shortly after the fund was established and the aim is to make all investment commitments during 2020-2022. The target funds in turn acquire investments within their own investment period, which usually takes 3-4 years.