Infranode has reached the final close on its second fund, Infranode II, with over EUR1.2 billion (US$1.43 billion) of capital commitments. The fund significantly exceeds its target of EUR1 billion (US$1.19 billion). Infranode II will implement a strategy as a long-term investor in essential Nordic infrastructure, with a strong focus on sustainability.

A total of 19 long-term investors committed to the Fund, including renowned Nordic institutions such as Folksam, one of Sweden’s largest insurance companies; KPA, a Swedish municipalities pension fund; Keva, Finland’s largest pension provider and municipal pension fund; Storebrand, Norway’s largest pension provider; and the IMAS Foundation.