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Access Capital halfway to €250m fund target at first close

The Paris-based fund manager said it plans to acquire four assets from a warehouse facility when its Europe-focused infrastructure vehicle hits the final milestone.

Mid-market investor Access Capital Partners has held a €126 million first close on its European-focused infrastructure fund.

The close puts Access's ACIF Infrastructure Fund – concentrated on operational infrastructure assets exclusively in Europe – at the halfway point for its fundraising target. The Paris-based investor said in a statement it will look for transportation, utilities, renewable energy and social infrastructure deals.

The firm said it plans to purchase four assets currently stored in a warehouse facility when the ACIF fund reaches final close. These include a wind farm, a platform investing in strategic electricity grids, a road concession and a meter asset provider.

Access did not return a request for comment.

Founded in 1998, Access, which now has €7.6 billion in assets, also invests in European private equity and private debt.

According to its website, Access invests in infrastructure through a combination of primary, secondary and direct investments in core infrastructure throughout Europe. The firm said it searches for assets with low volatility in returns and with revenues correlated with inflation.