This post is also available in: 
Français
Strong investor demand has resulted in the Mirova Core Infrastructure Fund
surpassing its initial target of raising.
While the initial target was of €500 million, the first close of €600 million has been held in July
2015.The fund is now nearing its revised hard cap and the final close is expected to be held in
October 2015.
The capital for the fund was raised from a diverse group of prominent European investors
including pension funds, insurance companies and funds of funds. It also has the support of a
number of leading consultants.
Threadmark acted as exclusive global placement agent in Europe, outside of France, alongside
Natixis Global Asset Management who were responsible for distribution in France.
The Mirova Core Infrastructure Fund is the first brownfield PPP[[Partenariat Public-Privé]]
focused fund in
Continental Europe and is substantially seeded.
To date it has made investments across 18 assets predominantly in European PPP and
infrastructure concessions, including transportation, broadband networks and a diverse range of
social infrastructure projects. It has a 25 year fund term, matching the long term nature of the
investments it will hold.
Gwenola Chambon, Head of General Infrastructure funds’ activities of Mirova and
Fund Principal:
“We are delighted with the strong investor support we have received for our first brownfield
infrastructure fund. Our focus on core brownfield operational infrastructure, together with a
seed portfolio generating significant cash yield, has proved to be very attractive to investors.
and allow it to continue to play to its strengths with its proven team and strong track record in
its domestic market. Upon completion of the fundraising for this fund, the Mirova General
Infrastructure Platform will manage over €1 billion of assets. With Mirova’s first two equity funds
dedicated to greenfield infrastructure, the Mirova Core Infrastructure Fund broadens the types
of transaction we can now pursue.”
Mounir Corm, Deputy Head of General Infrastructure funds’ activities of Mirova
and Fund Principal:
“The rapid capital deployment along with the team’s know-how, experience and track record in
our domestic market were essential for investors. The team will focus on deploying the
remaining Fund capital available for investment, leveraging its long experience of investing in
PPP alongside industrial partners.”
Add Comment