Quaero Capital has successfully closed fundraising for its third infrastructure vehicle, the Quaero European Infrastructure Fund III (QEIF III), with more than €1.4 billion (US$1.6 billion) in capital commitments, exceeding its original target of €1.25 billion (US$1.46 billion) set when the fund was launched in the second half of 2023. The fund also secured an additional €400 million (US$468 million) in co‑investment capacity alongside the main vehicle. Since starting its infrastructure strategy about ten years ago, the firm has raised around €2.7 billion (US$3.1 billion) for infrastructure funds. QEIF III targets equity investments in European infrastructure projects across sectors such as energy, transport, telecommunications, social infrastructure, water, and environmental assets, focusing on opportunities with development and growth potential both during the construction phase and in operations. The fund primarily invests in traditional project finance structures, especially concessions and public‑private partnerships (PPPs), building on Quaero Capital’s track record of financing more than €7 billion (US$8.2 billion) of capital expenditure in infrastructure since 2016. 

QUAERO CAPITAL was advised on this fundraising by Reach Capital, who acted as placement agent in addition to internal capabilities and Proskauer, who acted as legal advisor with a team composed of Marcela Moraru (Partner – Private Investment Funds), Marie Keusch (Associate) and Léa Le Romancer (Associate).