Infracapital has announced the final close of its latest fund, Infracapital Greenfield Partners II. The fund aims to support businesses that generate environmental and social impact with a focus on decarbonization across a variety of sectors in Europe.

The final close was held at EUR1.5 billion (US$1.7 billion), exceeding its target size of EUR1.35 billion (US$1.54 billion). The fund has attracted a high level of interest from existing investors representing three-quarters of total raised commitments, in addition to capital from new investors across the UK, Europe, Asia, North America and the Middle East. 

Already more than 50% of capital commitments have been allocated across the following companies:

• EnergyNest, a global market leader in industrial thermal battery solutions;
• Fibrus, a Northern Irish fibre broadband network owner and operator;
• Zenobe, a leading player in the energy storage, network support and electric vehicles market;
• Spectrum, an owner and operator of fibre broadband networks in South Wales; 
• A partnership with Enel X / Endesa delivering electric buses in Southern Europe.