– Igneo Infrastructure Partners (Igneo) has announced the maturity and liquidation of its first flagship European fund, European Diversified Infrastructure Fund I (EDIF I).
– EDIF I, a 2009 vintage fund, has completed its 15-year term with the full divestment of assets.
– The fund delivered approximately €5.0bn in returned capital, achieving a money multiple of around 2.6x for investors.
– Igneo maintained a focus on high-quality, long-term assets with a proactive buy-and-hold strategy across the EDIF I portfolio.
– Despite challenging market conditions, EDIF I generated an average net return of 12.6% and an average yield of 5.5%.
– EDIF I deployed €2.0bn across 10 infrastructure businesses in sectors like energy, transportation, utilities, and telecommunications.
– By 2015, EDIF I reached its €2.0bn hard cap with commitments from top global institutional investors.
– EDIF I has been succeeded by EDIF II and III, both following a similar disciplined investment approach.
– EDIF III concluded its fundraising in April 2024, reaching over €4.1bn in commitments.
EDIF I Portfolio Overview:
– Anglian Water Services (UK) – Water
– Caruna (Finland) – Electricity network
– GROUPE CORIANCE (France) – District heating
– Digita (Finland) – Broadcasting
– Electricity North West (UK) – Electricity network
– Finerge (Portugal/France) – Renewable electricity
– Ferngas (Germany) – Gas network
– ForSea Solutions LLC (Denmark/Sweden) – Ferries & ports
– PARKIA (Spain/Andorra) – Car parks
– Reganosa (Spain) – LNG regasification
– Niall Mills, Igneo’s Managing Partner, noted EDIF I’s maturity and the value of Igneo’s long-term investment approach, which delivered award-winning returns across economic cycles.
– Igneo, part of First Sentier Investors Group, manages US$20.0bn in assets globally as of 30 September 2024.
– Igneo focuses on mature, mid-market infrastructure in renewables, digital infrastructure, waste, water, and transport/logistics in regions including Europe, North America, and Australia.
