​Arcus Infrastructure’s third fund closes at €1.6bn

Arcus Infrastructure Partners has received €1.61bn in capital commitments for its third fund, exceeding its original target by more than 7%.

The manager said the capital raised for Arcus European Infrastructure Fund 3 (AEIF3) exceeded the fund’s €1.5bn target.

Arcus’s previous fund, Arcus European Infrastructure Fund 2 closed at €1.22bn in 2020.

Arcus said AEIF3 attracted commitments from institutional investors in Europe, the UK, North America, the Middle East, and Asia, including a significant number of investors that have invested with Arcus since its inception.

The manager said AEIF3 fund has completed investments worth around €680m, acquiring controlling interests, in four European mid-market infrastructure assets: Workdry, a water pump and wastewater treatment asset leasing business operating in the UK and the Netherlands; German submetering provider Officium; European data centre platform Portus; and European industrial temperature control equipment rental specialist Coolworld.

Ian Harding, a managing partner at Arcus Infrastructure Partners, said: “The closing of AEIF3 above target, and 30% above our last fund size, is a testament to not only the hard work of the Arcus team, but the strength and consistency of the Arcus strategy.”

Harding said 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”.

Stephan Grillmaier, the head of investor relations at Arcus Infrastructure Partners, said: “I am very proud to have reached this fundraising milestone for AEIF3 and believe that we have a strong partnership with the investors who are supporting us.

”The global network of investors is aligned with both the Arcus strategy and its focus on sustainability, which enables us to not only make further acquisitions, but also execute on key growth and value-creating initiatives.

“We thank our investors once again for partnering with us and are proud of what we have achieved with this fundraising.”

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