Vauban Infrastructure Partners has reached a hard cap close of EUR2.5 billion (US$2.95 billion) for its third core infrastructure fund. 

Vauban Core Infrastructure Fund III will take a buy-and-hold and yield approach over the long term, investing in brownfield mid-market opportunities in Europe. The focus is on energy transition, mobility, digital and social infrastructure.

The fund has already closed four transactions in Italy, Spain and France for the projects in mobility, digital and social sectors. In addition, one mobility sector transaction is signed in Portugal.