The European Investment Bank is considering committing up to €140 million to Deutsche Asset Management's latest unlisted infrastructure vehicle – the Deutsche Pan-European Infrastructure Fund II.
The fund is targeting a total of €2 billion to invest in the transport, energy, telecoms, utilities and other specialist and logistics sectors. The EIB says the fund will focus mostly on transport and energy and will seek to invest up to 85 percent of its capital in the EU and European Free Trade Association countries.
Deutsche Asset Management did not return a request for comment at press time.
Filings with the UK's Companies House shows the vehicle has already received commitments from Montreal's Commission de la Caisse Commune, the Central Pension Fund for Employees of the Israel Electric Corporation, The Public institution for Social Security – Kuwait, Rabobank Pensioenfonds and the City of Edinburgh Council, among others.
In addition to its latest fundraise, Deutsche Asset Management also manages a €2.1 billion, 2007 vintage vehicle, formerly known as RREEF Pan-European Infrastructure Fund.