Infrastructure investor ofi infraVia has reached a first closing of infraVia European fund ii, its second European focused infrastructure fund. The firm has has raised 150 million euros ($194 million) from French and European institutional investors. The new fund is seeking total commitments of 400 million euros.
ofi infraVia announces that infraVia European fund ii (“infraVia ii”), its second European focused infrastructure fund, has raised 150 million euros ($194 million) from leading french and European institutional investors in a first closing of the fund. infraVia ii is managed by paris-based manager ofi infraVia and is the successor fund of infraVia, established in 2008 and which is now fully invested. The new fund is seeking total commitments of €400m.
ofi infraVia focuses primarily on “core” brownfield infrastructure assets that are located in Europe. it considers opportunities across a broad spectrum of infrastructure opportunities including in the transportation, energy, social infrastructure, utilities and communications sectors. The manager has a particular focus on the mid-market in Continental Europe.
“The first closing of InfraVia European Fund II represents a significant milestone for our platform. We are encouraged by the confidence of our investors in our market positioning and our investment strategy” said Vincent Levita, president of ofi infraVia. “We believe that European mid-market offers interesting investment opportunities in real infrastructure assets, having a positive impact on communities they are servicing while at the same time offering to our investors a compelling combination of attractive returns including a significant current yield, along with a degree of protection from inflation”.
OFI InfraVia is an investment manager dedicated to the infrastructure sector. OFI InfraVia manages the funds InfraVia and InfraVia European Fund II, which are both positioned as long term investors across the infrastructure and energy sectors in Europe. OFI InfraVia is a subsidiary of the OFI Group.
Backed by two major French mutual insurance companies, Macif and Matmut, the OFI Group puts its asset management skills at the service of third-party investors. With €52.1 Billion assets under management at the end of August 2012, OFI Asset Management employ 260 staff, including 100 dedicated to investment management. The OFI Group aims to offer a complete range of products and services to european institutional investors.