Quaero Capital closes second private equity fund at EUR600mn hard cap

Quaero Capital completed its fundraising for Quaero European Infrastructure Fund II (QEIF II) at EUR600 million (US$728 million; hard cap), exceeding the initial target of EUR500 million (US$606 million) set at its launch in July 2019. 

QEIF II’s strategy is to finance equity in both greenfield and brownfield infrastructure projects in Europe. The fund targets project finance assets and notably assets with development and growth requirements with a view to supporting it. It deploys a multi-sectoral approach, investing in energy, telecoms, water, and environment projects, social infrastructure, transport, and utilities.

QEIF II has already invested more than 40% of its commitments through 6 assets in 4 countries and several sectors: renewables (wind farms), telecoms (optic fiber networks, data centers), social infrastructures (schools PPP), and public services (electricity network).

QEIF II investors include leading European investors notably insurance companies, pension funds, funds of funds, the Fonds de Réserve pour les Retraites, and the European Investment Bank.