abrdn, formerly known as Aberdeen Standard Investments, has held a first close for its third core/core+ infrastructure fund on €326m with LPs from the UK, continental Europe, Japan and North America.
€1bn-targeting Aberdeen Standard Core Infrastructure Fund III will focus on direct investments in European mid-market infrastructure opportunities across utilities, energy, transportation and digital segments under the themes of energy transition, transport decarbonisation and digitisation. It will look to build a portfolio of 8-12 investments.
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.”
Aberdeen Standard Investments rebranded to abrdn last September. It has £456.6bn of assets under management.
It beat the target for its second core infrastructure fundraise in 2020 through an €820m final close.
The firm picked up €669m of commitments for SL Capital Infrastructure Fund II, and another €150m through a segregated account.
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