UK-based investment company abrdn’s Core Infrastructure team announced today the first closing of the Aberdeen Standard Core Infrastructure Fund III, reaching commitments of €326 million for the fund focused on the key macro infrastructure themes of energy transition, transport de-carbonisation and digitisation.
abrdn is targeting €1 billion for the fund, with a final close expected during Q4 2022. The fund is categorized as Article 8 under the EU SFDR regulation.
Neil Slater, Global Head of Real Assets at abrdn, said:
“I’m thrilled to see that the third core infrastructure fund has received such great support from existing clients, which is testament to the commitment and hard work of the team. Being categorised as an Article 8 Fund under SFDR regulations reflects the importance of ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More considerations in the investment opportunities we seek.”
The fund has received support from both existing investors from abrdn’s first two core infrastructure funds, as well as a number of new investors, including corporate and local authority pension funds, fund of funds and charitable foundations from the UK, Europe, Japan and North America.
Dominic Helmsley, Head of Core Infrastructure, said:
“We are delighted to announce the successful first close of Fund III, which enables us to continue to address the strong pipeline of attractive mid-market investment opportunities we have developed. Such demand demonstrates continued investor support for the abrdn Core Infrastructure team’s investment strategy and recognises the successful performance of Funds I and II.”
Roger Pim, abrdn Senior Investment Director, added:
“It’s pleasing to see that our strategy and approach continues to attract clients who are looking for a differentiated angle to core infrastructure investing. We are very grateful for the strong support we have received from existing and new investors and look forward to working in partnership with them over the coming years as we aim to continue this successful strategy.”
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