French private equity firm InfraVia Capital Partners has raised $5.5bn from investors for a fifth infrastructure fund to target European digital, education and health businesses, and green energy investments.
The fund was “significantly oversubscribed” and exceeded its original 3 billion-euro target to reach a limit it set of 5 billion euros, the company’s founder and Chief Executive Officer Vincent Levita said in an interview with Bloomberg News. The vehicle, which is more than twice the size of InfraVia’s fourth infrastructure fund, attracted 2.3 billion euros of commitments from new clients, with 40% of the investors based outside Europe, he said.
The Paris-based firm, which has previously bought French fiber businesses, will probably invest further in that area as projects flourish in countries such as the U.K., Spain, Italy, Switzerland, Austria and Poland, Levita said. It will also look at investment opportunities in data centers as demand keeps growing, he said.
Read more: Bloomberg Quint
