3i announces final close of the 3i European Operational Projects Fund on €456 million
3i Group plc (“3i”) today announces the final close of the 3i European Operational Projects Fund (“3i EOPF”), with €456 million of commitments received from European and Asian investors, including a commitment of €40 million from 3i Group.
3i EOPF, which is managed by 3i’s infrastructure team, invests in operational projects across Europe, with a focus on France, the Benelux, Germany, Italy and Iberia. It targets a wide range of sub-sectors, primarily social infrastructure and transportation, but also telecoms and utilities, excluding renewable energy projects. It aims to provide long-term yield to institutional investors. The Fund has already invested and committed to invest approximately €85 million in assets across Europe.
Phil White, Managing Partner and Head of Infrastructure, 3i Investments plc, commented:
“We are delighted to announce the final close of the 3i European Operational Projects Fund at €456 million, exceeding our €400 million target. This new fund is complementary to our Infrastructure business. We received strong interest from financial institutions attracted by our pan-European platform, our track record of successful management of operational projects, and our pipeline of investment opportunities in this sector of the market.”
For further information, contact:
3i Group plc
Limited Partner enquiries
|Tel: +44 20 7975 3469
|Tel: +44 20 7975 3285
|Kathryn van der Kroft
|Tel: +44 20 7975 3021
About 3i Group
3i is a leading international investment manager focused on mid-market Private Equity and Infrastructure. Its core investment markets are northern Europe and North America. For further information, please visit: www.3i.com
About 3i’s Infrastructure business
3i is a leading European infrastructure investor, with a track record of investing in infrastructure since 1987. The team of approximately 30 investment professionals manages or advises c.£3.6 billion of assets through a number of infrastructure investment vehicles, including 3i Infrastructure plc, 3i India Infrastructure Fund, 3i EOPF, 3i MIA and BIIF.