InfraRed Capital Partners raises £522m

The London-based investment manager is supported by 30 investors and surpassed the fundraising target for its latest value-add vehicle.

InfraRed Capital Partners has raised a total of £522 million ($690 million, €594 million) and held the final close for its InfraRed Active Fund IV, exceeding its £500 million ($658 million, €569 million) fundraising target.

The fund will continue to focus on value-add opportunities in Germany, France and the UK.

The vehicle has an investment capacity of more than £1.2 billion ($1.58 billion, €1.36 billion) and has invested in five assets in Munich, Paris and Frankfurt.

Atlantic-Pacific Capital acted as placement agent for InfraRed.