Final closing
Final closing reached for Nordic Investment Club collaboration
On February 28, DIF VII and CIF III reached their final closing. By collaborating, members of the Nordic Investment Club achieved favorable terms such as substantial size-related discounts on fees, preferred co-investment terms, LPAC representation, as well as other benefits reserved for large investors.
The details
In October 2022, the Nordic Investment Club made a sizeable commitment to DIF Capital Partners, a global infrastructure fund manager.
A group of pension funds and other professional investors from Denmark and Finland in aggregate committed EUR 370 million to be invested in DIF’s flagship core fund, DIF VII, and core+ fund, CIF III.
On February 28, 2024, the funds reached their final closing, surpassing their respective target fund sizes of EUR 4 billion and EUR 1.5 billion.
By collaborating, members of the Nordic Investment Club achieved favorable terms such as substantial size-related discounts on fees, preferred co-investment terms, LPAC representation, as well as other benefits reserved for large investors.
Both DIF VII and CIF III have had impressive deployment with more than 50% of commitments invested as of Q4 2023. DIF VII targets assets within renewable energy, utilities, and public-private partnerships, while CIF III focuses on lower mid-market assets with a slightly higher risk-return profile across digital infrastructure, energy transition, and transportation.
Both DIF VII and CIF III are labeled as article 8 funds under the EU’s Sustainable Finance Disclosure Regulation and will promote investments with sustainable characteristics.
We are very pleased with the collaboration that will secure enhanced net returns for the beneficiaries of the club members such as pension savers and bank clients at attractive economic terms.
We look forward to continuing the development of investor-friendly models achieved through collaborative investing.
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