Cube Infrastructure Managers announced that Cube Infrastructure Fund II held its final close on June 28, 2019 bringing total closed commitments to EUR 1,043 million (US$ 1177.7 million), with strong support from both existing and new investors. The Fund has a blue-chip and geographically diverse investor base including large North American, Asian and European institutional investors.

Cube Infrastructure Fund II is the successor fund of Cube Infrastructure Fund, which is invested in three main sectors; energy transition, fiber communication and public transport. Cube I initiated its divestment program in 2018, notably with the successful exits of Idex and Boreal, and more recently CnimDev and Hansea.

Cube Infrastructure Fund II will continue the successful investment strategy of Cube I with the objective of generating a combination of current yield and long-term capital appreciation through investments in the European regulated, brownfield infrastructure space. This strategy aims to address essential and local infrastructure needs, in markets offering strong downside protection and sustainable and attractive growth dynamics underpinned by technological progress, environmental concerns and favorable demographics, and is fully consistent with Cube’s ESG commitment.

The Fund has committed approximately EUR 400 million (US$ 451.66 million) across 8 investment platforms. All investments are high quality assets with significant growth potential and strong positioning in their respective markets