abrdn’s Core Infrastructure team today announces the first closing of its third core/core+ infrastructure fund, Aberdeen Standard Core Infrastructure Fund III “the Fund”. Focused on direct investments in European mid-market Core and Core+ infrastructure opportunities, The Fund builds on the success of Funds I and II .

For its first closing, the Fund, which has a target of €1 billion, has received strong support from both existing investors from fund I and II as well as a number of new investors, with commitments totalling €326 million. The commitments come from a wide range of financial investors including corporate and local authority pension funds, fund of funds and charitable foundations from the UK, Continental Europe, Japan and North America.  The team, led by Dominic Helmsley and supported by Roger Pim and Graeme Dunbar, plan to have further closes during the course of the year with a final close expected during Q4 2022.

The Fund’s strategy is to build a diversified portfolio of 8-12 direct investments in European mid-market core/core+ infrastructure opportunities across the utilities, energy, transportation and digital segments. In many cases leveraging the experience and networks developed through prior transactions to generate a strong pipeline of investment opportunities. The Fund is categorised as Article 8 under SFDR reflecting the integrated approach to ESG and will look to capitalise on the key macro infrastructure themes of energy transition, transport de-carbonisation and digitisation.

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, Senior Investment Director, continues: 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.”

Neil Slater, Global Head of Real Assets added: “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 ESG considerations in the investment opportunities we seek.”

Ends

 

Media enquiries

Debbie Cowe, Media Relations Manager, abrdn

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+44 (0) 7711 774017


Notes to editors

At abrdn, we enable our clients to plan, save and invest for their futures.

We structure our business into three areas – and together they reflect our focus on enabling our clients to be better investors:

  • Investments: We work with clients to create solutions across asset classes, regions and markets globally – combining multi-layered research and market insights with technology and diverse thinking.
  • Adviser: We offer market-leading platform technology and tools that enable UK wealth managers and financial advisers to create more opportunity for their business and their clients.
  • Personal: We help people throughout the UK plan for their financial futures – through our financial planning business and our digital investing services.

Across our investments, adviser and personal businesses we manage and administer £532 billion of assets for our clients, and abrdn plc has over 1 million shareholders. (Figures as at 30 June 2021)

Our investments are built on an insight strength that comes from multi-layered research and a large global footprint. Our teams collaborate across multiple capabilities, to create forward-thinking solutions that aim to meet our clients’ needs and deliver more sustainable outcomes. Our investments business manages £456.6 billion on behalf of individuals, governments, pension funds, insurers, companies, charities and foundations (as at 30 June 2021) – with support and expertise from 800 investment specialists in over 30 locations.

abrdn is the single global brand for all areas of our business. In July 2021 our plc listing became abrdn plc. In September our investments business, formerly Aberdeen Standard Investments, became abrdn.

 

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