Quaero Capital raises €600m

The Geneva-based asset manager has raised capital for its second flagship fund.

Fund name: Quaero European Infrastructure Fund II

Amount raised: €600 million

Target size: €500 million

Hard-cap: €600 million

Stage of fundraising: Final close

Final close date: January 2021

Predecessor fund: Quaero European Infrastructure Fund I (€275 million)

Quaero Capital has raised $8.65 billion for Quaero European Infrastructure Fund II, according to a press release.

The fund’s strategy is to finance equity in greenfield and brownfield infrastructure projects in Europe. The fund targets project finance assets, notably assets with development and growth requirements. It deploys a multi-sectoral approach, investing in energy, telecoms, water and environment projects, social infrastructure, transport and utilities.