DWS already has €11 billion ($13 billion) in infrastructure investments and a 40-strong investment team, but the firm recently closed the third fund in its successful Pan European Infrastructure series that saw strong demand.
PEIF III raised €3 billion ($3.5 billion). The fund, which was launched in 2019, closed with more than 70 investors including blue-chip allocators from across Europe, Asia as well as the U.S. Officials pointed out that much of the fundraising was completed remotely.
“Our investment focus on the key macro-economic trends of decarbonization and digitalization of the economy has proven its relevance in the current COVID crisis,” said Harold d’Hauteville, head of infrastructure equity for Europe at DWS. “We will continue to progress a robust pipeline with a consistent focus on the sectors that will further contribute to the long-term recovery and the sustainability of our economies.”
The firm’s European focus is on mature infrastructure assets. To date, PEIF III has committed roughly €1.1 billion across four transactions, including two investments related to energy transition and another investment in healthcare and a commitment in the rolling stock leasing sector.