F2I closes second infrastructure fund at 1.24bn

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F2I closes second infrastructure fund at 1.24bn

F2i has closed Fondi Italiani per le Infrastrutture (F2i) Second Fund at €1.24 billion (US$1.36 billion), €40 million above its target.

The investors in the Secondo Fondo F2i ('Second F2i Fund') included banks, banking foundations, pension funds, funds-of-funds, sovereign wealth funds and insurance companies. About 40% of the funding coming from the "international markets", particularly Asia and elsewhere in Europe.

The fund was launched on 2 October 2012 with commitments amounting to €575 million and with the objective of continuing to invest in the main Italian infrastructure segments.. The Second F2i Fund has similar characteristics to the First Fund: fifteen-year tenor and a four-year investment period.

The first closing saw investments by a number of F2i SGR's long-standing shareholders: Cassa Depositi e Prestiti, Intesa Sanpaolo, Unicredit, Fondazione Cariplo, Fondazione Cassa di Risparmio di Cuneo, Fondazione Cassa di Risparmio di Lucca, Cassa Geometri and Inarcassa. In addition, Compagnia di San Paolo, Ente Carifirenze and Fondazione Banco di Sardegna became shareholders of F2i SGR and subscribed Fund units.

Founded in 2007 and headquartered in Milan F2i has raised about €3.1 billion to invest in airports, gas distribution networks, water services, renewable energy, highways, telecommunications and waste-to-energy operations, all of them located in Italy.

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