DIF has launched a new core infrastructure fund to target an “underserved” area of the market, Infrastructure Investor has learnt.
The Dutch firm is looking to raise a vehicle of a much smaller size than DIF’s flagship funds, the latest of which, DIF Infrastructure IV, reached a final close on its €1.15 billion hard-cap last year. A source close to the matter said the vehicle would likely target a few hundred million euros.
The fund will also slightly differ in its strategy, aiming to invest in assets contracted with corporate players rather than projects, such as PPPs, where the counterparty is a public authority. It will be able to invest in both greenfield and brownfield projects spanning the energy and utility, telecoms, and transportation sectors, sources said.
It is understood that the fund will have a global remit, drawing on resources DIF has devoted into opening new outposts overseas in recent years. The firm now counts 60 staff across offices in Amsterdam, Frankfurt, London, Paris, Luxembourg, Madrid, Toronto and Sydney.
DIF declined to comment on its new core infrastructure strategy.
The firm has hired Willem Jansonius as partner in its Amsterdam office to lead the new strategy. A former head of Benelux and the Nordics at Macquarie Capital, Jansonius was responsible for the bank’s infrastructure advisory and principal activities in these markets for seven years.
He was previously head of private equity at Dutch-based Cyrte Investments after working for nine years at ABN AMRO in Amsterdam and London, where he was involved in infrastructure M&A transactions.