The fund will focus on projects in Germany and other countries in Western Europe with a comparable regulatory system and seek to generate net returns of at about 4%, although returns can reach up to at least 8% through investment in a sub-fund involving more leverage. Agloria and Universal Investment are looking to avoid projects that ‘frequently miss the forecasted results’.
The fund will focus on projects in Germany and other countries in Western Europe with a comparable regulatory system and seek to generate net returns of at about 4%, although returns can reach up to at least 8% through investment in a sub-fund involving more leverage. Agloria and Universal Investment are looking to avoid projects that ‘frequently miss the forecasted results’.
The fund has one asset under its belt after the $1.25bn acquisition of a US district heating business last year.
The fund, which had a target of $1bn, attracted investors who were all new to the firm's debt platform.
DIF Infrastructure VI, which was launched in November, is now 56% towards its €2.5bn target.