Key Takeaways
- • Cube Infrastructure Managers raised an initial €587m at the first close of Cube Infrastructure Fund IV, its fourth core-plus fund, according to IPE Real Assets.
- • The first close includes co-investment commitments, and the manager is targeting a final fundraise of €1.5bn for the vehicle.
- • The raise follows the final close of Cube Infrastructure Fund III in September 2023 at €1.35bn, plus €150m in co-investment commitments.
- • Cube IV continues the firm's strategy of investing in European brownfield, resilient infrastructure platforms across energy transition, telecoms, transport and environmental services.
Summary
European mid-market infrastructure fund manager Cube Infrastructure Managers (Cube IM) has raised an initial €587m for its latest core-plus strategy, Cube Infrastructure Fund IV, according to IPE Real Assets. The first close includes co-investment commitments, and the manager is targeting a final fundraise of €1.5bn.
The fundraise follows the final close of the predecessor vehicle, Cube Infrastructure Fund III, which closed in September 2023 at €1.35bn alongside €150m in co-investment commitments. Cube IV maintains the firm's core investment focus on European brownfield, resilient infrastructure platforms across the energy transition, telecoms, transport and environmental services sectors.
Renaud de Matharel, chairman and CEO of Cube IM, said reaching the first close is an important milestone for Cube IV and thanked investors for their confidence. He argued that the European infrastructure mid-market remains particularly attractive in the current environment, citing significant investment needs driven by the energy transition, digitalisation and the development of essential local infrastructure.
De Matharel said Cube IV builds on the investment approach developed across the firm's successive fund generations, and that the team looks forward to deploying the capital and supporting the growth of high-quality infrastructure platforms across Europe.
The fundraise follows the final close of the predecessor vehicle, Cube Infrastructure Fund III, which closed in September 2023 at €1.35bn alongside €150m in co-investment commitments. Cube IV maintains the firm's core investment focus on European brownfield, resilient infrastructure platforms across the energy transition, telecoms, transport and environmental services sectors.
Renaud de Matharel, chairman and CEO of Cube IM, said reaching the first close is an important milestone for Cube IV and thanked investors for their confidence. He argued that the European infrastructure mid-market remains particularly attractive in the current environment, citing significant investment needs driven by the energy transition, digitalisation and the development of essential local infrastructure.
De Matharel said Cube IV builds on the investment approach developed across the firm's successive fund generations, and that the team looks forward to deploying the capital and supporting the growth of high-quality infrastructure platforms across Europe.
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