Quaero Capital completed its fundraising for Quaero European Infrastructure Fund II (QEIF II) at EUR 600 million (US$ 726.92 million) (hard cap), exceeding the initial target of EUR 500 million (US$ 607.16 million) sets at its launch in July 2019. The management company is also expecting additional investment capacity given the strong interest from investors for co-investment opportunities.

QEIF II’s strategy is to finance equity in both greenfield and brownfield infrastructure projects in Europe. The fund targets project finance assets and notably assets with development and growth requirements with a view to supporting it. It deploys a multi-sectoral approach, investing in energy, telecoms, water, and environment projects, social infrastructure, transport, and utilities.

QEIF II has already invested more than 40% of its commitments through 6 assets in 4 countries and several sectors: renewables (wind farms), telecoms (optic fiber networks, data centers), social infrastructures (schools PPP), and public services (electricity network).