OFI InfraVia yesterday announced that InfraVia European Fund II (also called as InfraVia II), its second European infrastructure fund, has reached its final closing at €530 million, beating its initial target size of €400 million.
On October 23rd, 2012, OFI InfraVia had announced that the fund had raised €150 million from leading french and European institutional investors in a first closing of the fund.
InfraVia II will focus primarily on European midcap brownfield infrastructure assets and will consider investments across a broad spectrum of infrastructure opportunities including in the transportation, energy, utilities and communications sectors. To date, InfraVia II has already invested in four European infrastructure assets: the A8 motorway in Germany, Régaz (the City of Bordeaux regulated gas distribution business) and the Tempo PPP project in France as well as the RiG electricity distribution network in Finland.
Vincent Levita, founder and CEO of OFI InfraVia, said:
"Achieving a final close at €530 million with a 100% re-up rate certainly reflects the confidence of our investors in our positioning and our ability to deliver on our mid-market investment strategy. With already 25% of the funds invested and a solid pipeline of opportunities, we look forward to continuing the deployment of InfraVia II capital and to creating value for our clients, business partners and the communities that our assets are servicing".
OFI InfraVia is a subsidiary of the OFI Group. Backed by two major French mutual insurance companies, Macif and Matmut, the OFI Group puts its asset management skills at the service of third-party investors.