• Final close of second core infrastructure fund on €669 million • Including segregated account1 have raised €820 million, exceeding initial target • Fund targeting 6-10 direct investments in mid-market UK and European core infrastructure • 75% of capital already committed to 6 investments with a 7th in exclusivity and a strong pipeline of further opportunities • ESG philosophy integrated into investment and asset management processes helping to drive positive change

Aberdeen Standard Investments (ASI) today announces the final close of its second core infrastructure fund, SL Capital Infrastructure Fund II.  The core infrastructure team have secured €669 million of commitments for the fund together with  €150 million1 for a segregated account. The combined fundraise of approximately €820 million exceeded the initial €600-800 million target and comprised commitments from a diverse cross section of financial institutions including corporate and local authority pension funds,  insurance companies, fund of funds and family office investors from the UK, Continental Europe, North America and Asia.  

The team, led by Dominic Helmsley, targets direct investment in mid-market core infrastructure transactions in the UK and Continental Europe. Building on the strong performance of Fund I, the fund invests across the utilities, transportation and energy sectors with a particular focus on assets operating within established regulatory frameworks or benefitting from contractual cash flows.  The fund has an attractive structure that offers long-term infrastructure returns, working in close alignment with investors.  

Dominic Helmsley, Head of Economic infrastructure said: “We are delighted with the support we received for the SL Capital Infrastructure Fund II from both existing and new investors.  Many have been attracted by the experience of the team, our focus on  mid-market European core infrastructure as well as the strong and consistent performance of the portfolios especially during the challenging environment we have seen over the past year.”

“Our strategy and approach has attracted clients who are looking for a differentiated angle to core infrastructure investing.  Building on the strong performance of Fund I, we have confidence in the quality and characteristics of the Fund II investments made to date and are pleased with their initial positive performance.  Our pipeline of opportunities is strong across our core sectors of transport, regulated utilities and energy infrastructure and we expect to complete the portfolio during the next 6-9 months.”

The fund has already committed 75% of its capital to six investments; Riihimaen Kaokolampo Oy and LOIMUA, district heating businesses in Finland fuelled predominately by a waste to energy “EfW” plant and biomass respectively; Unitank, a portfolio of six liquid bulk storage terminals in Germany and Belgium benefitting from long term contracts; ASI Polish Solar, a 350 MW portfolio of ground mounted solar PV in Poland benefitting from the 15 years CfD regime; Rock Rail West Coast, a core fleet of rolling stock operating on the West Coast Partnership UK rail franchise bring improved customer experience and material reductions in emissions; and Airband, a provider of rural connectivity services (both Fixed Wireless Access (FWA) and Fibre To The Premises (FTTP) in the West of England,

1 Evergreen segregated account - €150m represents expected size after 3 year period 


Media enquiries 
Debbie Cowe
Global Media Manager
+44 (0) 7711 774017

Notes to editors

  • Aberdeen Standard Investments is a global asset manager dedicated to creating long-term value for our clients. With over 1,000 investment professionals, we manage £455.6 billion* of assets worldwide. We have clients in c.80 countries supported by over 40 offices globally. This ensures we are close to our clients and the markets in which we invest.  (*as of 30 June 2020)
  • We are high-conviction, long-term investors who believe teamwork and collaboration are the key to delivering repeatable, superior investment performance.
  • Standard Life Aberdeen plc is headquartered in Scotland. It has over 1 million shareholders and is listed on the London Stock Exchange. 
  • You can access the Aberdeen Standard Investments media centre here: https://www.aberdeenstandard.com/news-and-media

Important Information

For Professional Investors only
The value of investments, and the income from them, can go down as well as up and you may get back less than the amount invested. Past performance is not a guide to future results. Tax treatment depends on the individual circumstances of each investor and may be subject to change in the future. We recommend that you seek financial advice prior to making an investment decision.
The details contained here are for information purposes only and should not be considered as an offer, investment recommendation, or solicitation to deal in any investments or funds and does not constitute investment research, investment recommendation or investment advice in any jurisdiction. Any research or analysis used to derive, or in relation to, the above information has been procured by us for our own use, without taking into account the investment objectives, financial situation or particular needs of any specific investor, and may have been acted on for own purpose. No warranty is given as to the accuracy, adequacy or completeness of the information contained in this communication and no liability for errors or omissions in such information. Readers must make assessments to the relevance, accuracy and adequacies of the information contained in this communication and make independent investigations, as they may consider necessary or appropriate for the purpose of such assessments. Any opinion or estimate contained in this communication, are made on a general basis.   No information contained herein constitutes investment, tax, legal or any other advice, or an invitation to apply for securities in any jurisdiction where such an offer or invitation is unlawful, or in which the person making such an offer is not qualified to do so.
Issued in the United Kingdom (UK) by Aberdeen Asset Managers Limited, registered in Scotland (SC108419) at 10 Queen’s Terrace, Aberdeen, AB10 1XL, and Standard Life Investments Limited registered in Scotland (SC123321) at 1 George Street, Edinburgh EH2 2LL. Both companies are authorised and regulated in the UK by the Financial Conduct Authority.

News articles


ASI has selected DEAS Group, the leading asset and property management group in Denmark, as the preferred bidder to acquire its Nordic real estate business
30th November 2020


ASI has launched a MyFolio Sustainable Fund range offering investors access to five risk graded, multi-asset portfolios that aim to do more good and less harm
2nd December 2020

See more

More news and press releases from abrdn