DIF is pleased to announce the final close of DIF Infrastructure V (DIF V) at the hard-cap of €1.9 billion.

DIF V marks the firm’s sixth successful fund raising for this strategy, following the raising of DIF Infrastructure IV (2015), DIF Infrastructure III (2012), DIF Infrastructure II (2008), DIF Renewable Energy (2007) and DIF PPP (2005). Since 2005, DIF has invested in excess of 165 unique infrastructure projects within this strategy.

Wim Blaasse, Managing Partner of DIF said: “I am extremely proud of this achievement, which is a testament to the strength of the DIF platform. Over the past 13 years the team has been able to generate attractive returns for our investors by consistently investing in high quality projects, enhancing project value during our ownership through active shareholder engagement, as well as by achieving successful realisations. I am confident that we will continue to be successful in our chosen strategy, leveraging our unique global office network and dedicated local teams to complete attractive investment opportunities.

DIF V targets equity investments in public-private partnerships (PPP/PFI/P3), concessions, regulated assets and renewable energy projects which have long-term contracted or regulated income streams that generate stable and predictable cash flows as well as attractive risk-adjusted returns. The fund targets both greenfield and brownfield projects in primarily Europe, North America and Australasia.

DIF V had an accelerated first close in June 2017, enabling the closing of certain pending investment opportunities, with final close occurring on the 15^th of May 2018 at an increased hard-cap of €1.9 billion. DIF V has seen strong backing from both existing and new investors in the DIF platform, receiving commitments from leading institutional investors across the globe.

DIF V has committed to eight investments to date, deploying ca. 30% of the fund. This includes investments in Affinity Water, a UK regulated water asset; Autostrade per l’Italia, a large and diversified portfolio of Italian toll roads; University of Tasmania (UTAS), an Australian student housing concession; Synergy, a portfolio of utility scale wind and solar PV power projects in Australia; and American Roads, a portfolio of five US toll roads. Furthermore, the fund has a strong pipeline of investments across its target sectors and geographies, including both greenfield and brownfield projects.

About DIF
DIF is an independent and specialist infrastructure investor and fund manager, with €5.6 billion assets under management across seven closed-end infrastructure funds and several co-investment vehicles. DIF invests in the global infrastructure market through two differentiated and complementary strategies:

• DIF Infrastructure V targets equity investments in public-private partnerships (PPP/PFI/P3), concessions, regulated assets and renewable energy projects which have long-term contracted or regulated income streams that generate stable and predictable cash flows. The fund targets both greenfield and brownfield projects in primarily Europe, North America and Australasia.
• DIF Core Infrastructure Fund I targets equity investments in small to mid-sized infrastructure assets in amongst others the energy, transportation and telecom sectors which generate stable and predictable cash flows that are protected through mid-term contracted income streams. The fund targets greenfield and brownfield investments in Europe, North America and Australasia.

DIF has a team of over 95 professionals in eight offices, located in Amsterdam, Frankfurt, London, Luxembourg, Madrid, Paris, Sydney and Toronto, through which it covers its target markets with dedicated local teams.

For more information, please contact:

Allard Ruijs
Partner, Head of Investor Relations and Business Development
Email: a.ruijs@dif.eu
Website: www.dif.eu

DIF is pleased to announce the appointment of Gijs Voskuyl as a Partner.

Gijs has been with DIF since 2008. From 2008 to 2012 he worked on primary and secondary PPP projects in the UK and continental Europe. He then moved to Toronto to open up the North American market for DIF, focussing especially on P3 and renewable energy projects. Since 2016 Gijs has been based at DIF’s Schiphol office as a Managing Director and Deputy Head of Infrastructure. Prior to DIF, he worked for ING’s infrastructure finance & advisory department in Amsterdam. Gijs holds a Master’s degree at the Technical University of Delft, faculty technology, policy and management.

DIF Profile

DIF is an independent and specialist fund management company, managing funds of approximately €4.6 billion across seven closed-end investment funds and several co-investment vehicles. DIF invests in the global infrastructure market through two differentiated and complementary strategies.

The majority of DIF’s funds, including DIF Infrastructure V, target PPP / PFI / P3, regulated infrastructure assets and renewable energy projects.

DIF CIF I targets small to mid-sized infrastructure assets in the telecom infrastructure, rail, energy and utility sectors that generate stable and predictable cash flows that are contracted over the mid-term with highly rated entities.

Both strategies targets both greenfield and brownfield projects in Europe, North America and Australasia.

DIF has offices in Amsterdam, Frankfurt, London, Paris, Luxembourg, Madrid, Toronto and Sydney.

Wim Blaasse, Managing Partner
Email: w.blaasse@dif.eu

Allard Ruijs, Partner
Email: a.ruijs@dif.eu

DIF is pleased to announce the final close of DIF Core Infrastructure Fund I (“DIF CIF I”) at the hard cap of € 450 million.

Fundraising for DIF CIF I was officially launched in September 2016, with first close occurring in January 2017, and final close in November 2017. DIF CIF I experienced strong backing from both existing and new investors to the DIF platform.

DIF CIF I targets small to mid-sized infrastructure assets in the telecom infrastructure, rail, energy and utility sectors that generate stable and predictable cash flows that are contracted over the mid-term. The fund targets both greenfield and brownfield projects in Europe, North America and Australasia.

DIF CIF I is the first fund raised by DIF that pursues this particular strategy. The strategy is differentiated and complementary to the strategy pursued by DIF’s existing funds – DIF Infrastructure IV and its predecessors – which target PPP/concessions, regulated assets and renewable energy projects.

DIF CIF I has acquired two investments to date: a 25% interest in the Somerton Pipeline in Australia, and a 55% stake in the French fibre company ADTIM. Furthermore, it has a strong pipeline of investment opportunities across its target sectors and geographies targeted by the fund.

DIF Profile

DIF is an independent and specialist fund management company with ca. €4.3 billion assets under management across seven closed-end investment funds and several co-investment vehicles. DIF invests in core infrastructure markets in Europe, North America and Australasia.

DIF has offices in Amsterdam, Frankfurt, London, Paris, Luxembourg, Madrid, Toronto and Sydney.

For more information, please contact:

Willem Jansonius, Partner
E-mail: w.jansonius@dif.eu

Allard Ruijs, Partner
E-mail: a.ruijs@dif.eu

DIF is pleased to announce the appointment of Fernando Moreno Gorostizaga to Partner. This step emphasises the importance of the Iberian Peninsula within DIF’s strategy. Fernando has been with DIF since 2015 as a Managing Director and Head of Spain when DIF established its Spanish operations in Madrid. The Madrid office covers investments in Spain, Portugal and potentially Chile.

Fernando has over 15 years of experience in the infrastructure sector. Prior to DIF he worked in several leading Spanish infrastructure businesses, including infrastructure developer Globalvia Inversiones as a Senior Investment Director, as CFO with construction group Sacyr Concesiones, as Head of International Structured Finance with concession company Itinere and as head of finance with construction company FCC.

Fernando holds an EMBA from IESE Business School and a Bachelor of Business Administration from Universidad Complutense.

DIF Profile

DIF is an independent and specialist infrastructure fund management company, managing funds of approximately €3.5 billion. DIF invests in infrastructure assets that generate long term stable cash flows, including PPP / PFI / P3, renewable energy assets and other core infrastructure assets in Europe, North America and Australia.

DIF has offices in Amsterdam, Frankfurt, London, Paris, Luxembourg, Madrid, Toronto and Sydney.

For more information, please contact:

Wim Blaasse, Managing Partner
Email: w.blaasse@dif.eu

Allard Ruijs, Partner
Email: a.ruijs@dif.eu