Monday, July 15, 2024

Arcus Infrastructure Partners closes third fund on €1.61bn

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Arcus Infrastructure Partners has closed its third fund, Arcus European Infrastructure Fund 3, on €1.61 billion, surpassing its target of €1.5 billion.

The fund attracted investments from a diverse range of institutional investors across Europe, the UK, North America, the Middle East and Asia, including many who have been with Arcus since its 2009 inception.

Arcus has already deployed about €680 million, or 42 percent of the fund, across four European mid-market assets.

These assets are Workdry, a UK-based water pump leasing and wastewater treatment business; Officium, a German energy efficiency firm; Portus, a data centre platform operating in Luxembourg, Hamburg and Munich; and Coolworld, a business specialising in temperature-controlled asset leasing.

AEIF 3’s close on €1.61 billion is 32 percent higher than Arcus’ previous fund, AEIF 2, which closed on €1.22 billion in 2020.

In a statement, Arcus managing partner Ian Harding said: “We’re very grateful to our investors for taking the time to understand our vision, and our patient and disciplined approach to investing and managing infrastructure investors.

“The four assets currently in the portfolio are a demonstration of Arcus’ ability to bilaterally source sustainable businesses with strong infrastructure characteristics and long-term growth potential, and I look forward to further building up a robust and diversified portfolio following the success in this fundraise.”

Arcus focuses exclusively on long-term European infrastructure investments, targeting mid-market, value-add opportunities in the digital, transport, logistics, industrials and energy sectors.

The fund manager currently manages 16 assets with an aggregate equity value exceeding €7.6 billion.

AEIF 2 currently manages eight infrastructure assets with another, E-fiber, realised in 2022.

Arcus fully realised its €2.2 billion AEIF 1 in 2020, securing a 2.1x multiple.

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