DIF Capital Partners (DIF) has announced the final close of DIF Core Infrastructure Fund II (DIF CIF II) at EUR1.012 billion (US$1.23 billion), exceeding its EUR1 billion (US$1.21 billion) target. 

DIF CIF II targets equity investments in the small- and mid-sized economic infrastructure market in pre-dominantly telecom, transportation, and energy. The fund focuses on resilient companies and platforms that have a clear buy-and-build strategy – all with an asset-heavy business model. Its investments typically have medium-term contract cover and strong value enhancement potential. The fund targets both greenfield and operational investments, with a key focus on Europe and North America.

DIF CIF II has already deployed 35% of the fund in the following five investments:

• Valley Fiber, a Canadian telecom infrastructure platform;
• IELO, a French B2B wholesale fiber operator and developer;
• Touax Rail, a French railcar leasing company;
• 4^th Utility, a UK fiber developer;
• Bartolomeo, an Irish container leasing platform.