MAPFRE and Abante have closed their first fund of funds 'MAPFRE Infraestructuras FCR' vehicle to invest in infrastructure with EUR 300 million (US$ 365.16 million) just three months after the fundraising began, 50 percent more than the EUR 200 million (US$ 236.10 million) initially envisaged.

The vehicle attracted the interest of a large number of institutional and private banking investors. MAPFRE is contributing EUR 100 million (US$ 118.05 million) of capital in this first stage, in which several investors have joined with significant amounts, mainly from the insurance sector, among them Grupo Catalana Occidente and MSV Life, who will both sit on the Supervision Committee, and Mutualidad de la Abogacía. Pension funds, family offices, investment fund managers, and other investors have also participated.