The European Diversified Infrastructure Fund II (EDIF II), managed by First State Investments, has reached a final close of EUR2.61 billion (US$2.9 billion) after it has secured additional funding of EUR553 million (US$614 million). First State Investments is an international investment arm of Colonial First State Global Asset Management. 

EDIF II is a 15-year, closed-ended fund with an alternating between short windows of fundraising and capital deployment. The Fund is launched in 2016 and is established to invest in mature, income-generating economic infrastructure businesses in Europe, with a focus on mid-market opportunities.

The Fund follows the same investment strategy as its predecessor fund, which aimed to build a diversified portfolio of predominantly Europe-based unlisted infrastructure assets. The EDIF I Fund secures investment from insurance companies and public pension funds and, has reached a final close in 2015 with approximately EUR2 billion (US$2.2 billion) in raised capital.