abrdn Core Infrastructure team announces first close of its third core/core+ infrastructure fund

14 February 2022

abrdn’s Core Infrastructure team today announces the first closing of its third core/core+ infrastructure fund, Aberdeen Standard Core Infrastructure Fund III “the Fund”. Focused on direct investments in European mid-market Core and Core+ infrastructure opportunities, The Fund builds on the success of Funds I and II .

For its first closing, the Fund, which has a target of €1 billion, has received strong support from both existing investors from fund I and II as well as a number of new investors, with commitments totalling €326 million. The commitments come from a wide range of financial investors including corporate and local authority pension funds, fund of funds and charitable foundations from the UK, Continental Europe, Japan and North America. The team, led by Dominic Helmsley and supported by Roger Pim and Graeme Dunbar, plan to have further closes during the course of the year with a final close expected during Q4 2022.

The Fund’s strategy is to build a diversified portfolio of 8-12 direct investments in European mid-market core/core+ infrastructure opportunities across the utilities, energy, transportation and digital segments. In many cases leveraging the experience and networks developed through prior transactions to generate a strong pipeline of investment opportunities. The Fund is categorised as Article 8 under SFDR reflecting the integrated approach to ESG and will look to capitalise on the key macro infrastructure themes of energy transition, transport de-carbonisation and digitisation.

Source: abrdn