Amber Infrastructure Group announced its appointment as the exclusive investment adviser to the Three Seas Initiative Investment Fund S.A. SICAV-RAIF (3SIIF), a dedicated commercial fund targeting infrastructure investment in Central and Eastern Europe (CEE).

3SIIF has successfully raised EUR 520 million (US$ 579.55  million) in an initial close from cornerstone investors including Bank Gospodarstwa Krajowego (BGK) and EximBank, Poland and Romania’s respective national development finance institutions.

3SIIF will target an established pipeline of investments into energy, transport and digital infrastructure in the 12 EU CEE member states which border the Baltic, Adriatic and Black seas where the demand for long-term commercial investment into national infrastructure is among the highest in the European Union (EU).

Together, the region constitutes around 25 percent of the EU’s total population and generates over EUR 225 billion (US$ 250.76  million) in domestic trade revenue, supporting an average of 3.3 per cent growth in annual GDP since 2015.

Amber is targeting further 3SIIF closes later in the year including raising capital commitments from private institutional investors, the region’s development banks and international multilateral financial institutions.