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.”