Deutsche AM closes €1.8 B Pan-European fund II

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Deutsche AM closes  €1.8 B Pan-European fund II

Deutsche AM has achieved final close of Pan European Infrastructure II L.P. (PEIF II), a closed-end fund focusing on unlisted European infrastructure investments. The fund has achieved total commitments of approximately €1.8 billion (US$2.1 billion) from 31 institutional investors globally, with additional dedicated co-investment capital of at least €800 million (US$936.4 million). This brings the total available for investment to over €2.5 billion (US$2.93 billion).

PEIF II has a primary focus on mature brownfield assets, its strategy is to invest in core Western European economic infrastructure assets across various industry sectors and countries. The fund aims to generate steady cash yield with long-term capital appreciation.

Investors are represented from across 15 countries, including Europe, Asia Pacific, North America and the Middle East. Pension funds and insurance (40% each) represent the largest category of investor; the remainder comprises banks, asset managers and funds of funds.

The fund has already achieved traction, completing three investments to date. These include the acquisition of Akiem, the second largest locomotive leasing business in Continental Europe; TCR, an airport ground support equipment rental and service provider; and most recently have entered into a consortium deal to acquire a controlling stake in the Venice Airport Group, SAVE.

Hamish Mackenzie, Head of Infrastructure at Deutsche Asset Management stated:

“This is a great fund raising achievement for PEIF II and demonstrates the confidence investors have in our team’s ability to deliver upon strategy. Europe is the most developed private and public infrastructure market and we believe our team has the discipline, relationship network and extensive experience to access and manage this deal potential for our investors.”

List of country news

Country news

  • July 27, 2017

    DIF sells €125-million renewable portfolio to Pension fund ABP

    Read more
  • July 26, 2017

    Pattern Development has acquired a 80 MW wind project from PNE WIND AG

    The project rights of the 80 megawatts Vivaldi Springtime wind project located in the State of Montana have been sold to Pattern Development ready to build including power purchase agreement (PPA) and grid connection.

    Read more
  • July 19, 2017

    KGAL renewable energy fund raises EUR 255m

    KGAL has announced the first closing of its core plus European renewable fund ESPF 4. With €255 million (US$294 million) of committed equity, the Luxembourg-based SICAV-SIF vehicle has attracted large commitments from four major European institutional investors.

    Read more
  • July 04, 2017

    EWE to build the world’s largest battery project

    EWE GASSPEICHER GmbH, a wholly owned subsidiary of the Oldenburg-based utility company EWE, has announced its intentions to build the world’s largest battery by employing the well-known redox flow battery principle (in which electrical energy is stored in a liquid) along with new, environmentally friendly components in underground salt caverns.

    Read more
  • June 28, 2017

    Capital Stage acquires shares in CHORUS Clean Energy AG

    Capital Stage AG has announced it has acquired from an institutional investor additional 54,999 shares of CHORUS Clean Energy AG.

    Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.