Niam Infrastructure has secured a €127m third closing for its Nordic infrastructure fund, with a significant commitment from the European Investment Fund (EIF). The EIF's cornerstone investment of €63m, supported by the InvestEU program, could increase to €75m in subsequent closings. The fund currently holds nine investments across four sectors and aims for a €200m final close by end of 2023.
With the third close of the Niam Infra Fund (“NIF”) NIF has more than doubled its commitments which enables us to continue deployment in both new investment opportunities as well as in our existing portfolio of high-performing infrastructure assets and portfolio companies. NIF focuses on asset aggregation and risk reduction in sustainable Nordic infrastructure. The fund was launched in June 2021 and has to date executed on nine investments across utility scale solar, commercial and industrial solar, EV charging and telecom. The fund will continue to raise capital and targets €200m in commitments by final close, which is expected to occur by the end of 2023.
Source: Press release