European manager Arjun Infrastructure Partners has raised €1.4bn for its latest core and core-plus fund and co-investment vehicle.

The manager said its Infrastructure Alliance Europe 2 (IAE-2) fund received €1.1bn in capital commitments at close, with an additional €300m to invest alongside the fund.

The fundraising was backed by Arjun’s existing, long-term institutional investor base in Europe. Arjun said it also made significant progress in North America, attracting strong investor interest in both IAE-2 and the co-investment vehicle.

In March this year, IPE Real Assets reported that the University Pension Plan Ontario was investing an unspecifeid amount in IAE-2.

IAE-2, launched in 2022, is a successor to the €1bn Infrastructure Alliance Europe 1 fund.

The fund targets Europe’s mid-market, pursuing infrastructure assets across renewables, digital, transport, and utilities, Arjun said, adding that IAE-2 has already deployed a significant portion of its capital in a portfolio of assets via bilateral transactions. 

As previously reported, IAE-2  acquired a minority stake in French fibre infrastructure operator and developer Altitude Infra. 

Surinder Toor, managing partner at Arjun Infrastructure Partners, said: “We are delighted to share the news of the final close of our IAE-2 fund. This is an important milestone for Arjun and stands as a testament to our focus on long-term investments in European mid-market real infrastructure.”

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