HarbourVest Partners announced the final close of Adelaide, its dedicated core infrastructure vehicle. The fund closed at AUD 384 million (US$ 279.19 million).

The fund targets long-term, low-risk, cash-generating core, and core-plus infrastructure assets, principally located in North America, Western Europe, and Australia. The fund’s deal-oriented strategy is to focus on growing opportunities for liquidity solutions in the inefficient core infrastructure market, which drives stronger return potential.