Cube Infrastructure Managers is pleased to announce that Cube Infrastructure Fund II (the “Fund”) held its final close on June 28, bringing total closed commitments to €1,043 million, with a strong support from both existing and new investors.
The Fund has a blue-chip and geographically diverse investor base including large North American, Asian and European institutional investors.
Cube Infrastructure Fund II is the successor fund of Cube Infrastructure Fund (“Cube I”), which is invested in three main sectors; energy transition, fiber communication and public transport. Cube I initiated its divestment program in 2018, notably with the successful exits of Idex and Boreal, and more recently CnimDev and Hansea.
Cube Infrastructure Fund II will continue the successful investment strategy of Cube I with the objective of generating a combination of current yield and long-term capital appreciation through investments in the European regulated, brownfield infrastructure space. This strategy aims to address essential and local infrastructure needs, in markets offering strong downside protection and sustainable and attractive growth dynamics underpinned by technological progress, environmental concerns and favorable demographics, and is fully consistent with Cube’s ESG commitment.
The Fund has committed approximately €400 million across 8 investment platforms. All investments are high quality assets with significant growth potential and strong positioning in their respective markets.
Renaud de Matharel, CEO and Managing Partner of Cube IM, commented: “We are very pleased to announce this close and are proud of the strong support that we have received from both our existing LPs and new investors, and we are extremely pleased to have enlarged our investor base to new Asian investors. We look forward to continuing our investment strategy in the dynamic European infrastructure mid-market.”
About Cube Infrastructure Managers
Cube Infrastructure Managers is a reputable independent alternative investment fund manager headquartered in Luxembourg with extensive experience in investing in infrastructure with three funds under management. Cube Infrastructure Fund and Cube Infrastructure Fund II are focusing on investments in regulated, brownfield infrastructure assets, and the Connecting Europe Broadband Fund is a fund dedicated to investment in broadband infrastructure projects.