Gimv commits further capital to DG Infra

Alongside the commitments from Gimv and Belfius, DG Infra plans on securing additional funds from external investors with the aim of deploying up to €400m in capital across the Benelux, French and German regions in the next five years.

The two DG Infra funds focus their investments on public private partnerships, renewable energy projects and other infrastructure assets such as car parks and port infrastructure. The funds' focus is predominantly on Belgium and the Netherlands, but the firm will begin to step up investment activity in France and Germany. The funds provide equity or mezzanine financing in the range of €5-50m.

In conjunction with the sponsors' further commitment, as well as to fulfil the plans of the firm, DG Infra will expand its investment team. The firm's Benelux investment team currently comprises nine members of staff.

Gimv established the first DG Infra fund, DG Infra+, in June 2007 with Belfius. The fund held its first close in November 2007 on €135m, with Gimv and Belfius each committing 20% (€30m each). Other investors included Ethias, the Société Régionale d'Investissement de Wallonie and Arcofin.

A second DG Infra fund, DG Infra Yield, was then established in June 2010 with €80m in funding already pledged by Gimv, Belfius and several other Benelux-based investors. The first close of DG Infra Yield took place in September 2011 with €116m committed by LPs. The fund then held an interim close in July 2012, with commitments reaching €163m. DG Infra Yield is still open to investors, according to the firm's website.

As of July 2012, when the most recent fund DF Infra Yield held its interim close, the DG Infra funds had a combined total of €300m. Alongside their two sponsors (Gimv and Belfius), the funds' LPs comprise pension funds, insurance companies and financial institutions.

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• Topics
• Benelux
• Infrastructure
• Belgium
• Netherlands
• France
• Germany
• Gimv