Babcock raises billions for European infrastructure fund

Babcock & Brown exceeded expectations by securing billions of euros for its European investment fund.

The international investment fund and asset management group announced that it had reached final close on the Babcock & Brown European Infrastructure Fund (BBEIF) with total commitments of €2.17bn up from an initial target of €1.5bn.

BBEIF will target infrastructure investments and provide support for Babcock’s international network of more than 420 infrastructure originators and specialists.

BBEIF, the first of a series of Babcock infrastructure fund initiatives across the globe, will target sectors such as energy, water and transport.

Antonio Lo Bianco, European head of infrastructure at Babcock & Brown, said, “There is a wealth of high quality infrastructure investment opportunities in Europe.”