Infranode fund reaches final close, exceeds EUR1bn target

Nordic-based infrastructure manager Infranode has reached a final close on its second fund, Infranode II, with over EUR1.2 billion (US$1.4 billion) of capital commitments. The fund significantly exceeds its target of EUR1 billion (US$1.19 billion) and reach more than twice the size of its predecessor, Infranode I.

A total of 19 long-term investors committed to the Fund, including Nordic institutions such as Folksam, one of Sweden’s largest insurance companies; KPA, a Swedish municipalities pension fund; Keva, Finland’s largest pension provider and municipal pension fund; Storebrand, Norway’s largest pension provider; and the IMAS Foundation.

Campbell Lutyens acted as an exclusive global placement agent for the fundraising. Mannheimer Swartling has acted as legal counsel.