Colonial First State Global Asset Management has closed the second series of its European Diversified Infrastructure Fund II on €1.4 billion, bringing the fund’s total size to €2.1 billion. The firm has doubled the initial €700 million targeted for the second round of EDIF II at the outset of the series’ fundraising in the autumn. The fund will target core and core-plus assets in Europe’s utility, energy and transportation sectors.
LPs in the fund include Finnish pension group Elo and UK-based local authority schemes in Swansea and Worcestershire.