French private equity and investment manager Eurazeo has announced the final close of its maiden infrastructure programme at €706 million (US$772 million), exceeding a €500 million target. The programme, which comprises the Eurazeo Transition Infrastructure fund (ETIF) and a co-investment vehicle, gained commitments from institutional investors across North America and EMEA. Its investment strategy is focused on the transition of essential services delivered by infrastructure to a low-carbon economy. “The success of ETIF’s fundraise, exceeding the initial target by more than 40%, demonstrates the market’s growing appetite for diversified sustainable infrastructure investment strategies that can deliver both financial performance and quantifiable ESG impact,” said Laurent Chatelin, Partner in Infrastructure at Eurazeo. The strategy – categorised as Article 9 under the EU’s Sustainable Finance Disclosure Regulation – builds on a portfolio of six transition infrastructure companies representing 60% of the total capital raised. “This fund and its investments in 6 portfolio companies are an emblematic illustration of our mission to build European champions by focusing on the mid-market, growth and impact segments,” said Eurazeo Co-CEOs Christophe Bavière and William Kadouch-Chassaing.
