Since the launch in 2005, our Traditional DIF Funds have invested in public private partnerships, concessions, utilities, (renewable) energy projects and other low-risk infrastructure investments with similar characteristics and risk/return profiles. These investments generally have long-term contract cover and offer a strong cash yield.
Our funds
Since the start of DIF in 2005, our traditional DIF funds have invested in public private partnerships, utilities, (renewable) energy projects and other infrastructure that share similar characteristics and risk/return profiles.
Job title | Status | Number of investments | Committed capital | |
---|---|---|---|---|
DIF VIIDIF VII is investing in both greenfield and operational companies, platforms and assets around Europe, the Americas and Australasia with a strong pipeline of investments offering long-term contracted or regulated income streams, stable and predictable cash flows, and attractive risk-adjusted returns. Target: PPP (PFI/P3) | Concessions | Utilities | Renewable energy Locations: Europe | North America | Australasia Projects: Greenfield | Operational |
2022 | Investing | No. of investments | €4.0bn target size Committed capital |
DIF VIDIF VI is investing in both greenfield and operational assets around Europe, the Americas and Australasia with a strong pipeline of investments offering long-term contracted or regulated income streams, stable and predictable cash flows, and attractive risk-adjusted returns. Final close: October 2020 Capital: €3.03 billion (target €2.5 billion) Target: PPP (PFI/P3) | Concessions | Utilities | Renewable energy Locations: Europe | North America | South America | Australasia Projects: Greenfield | Operational |
2020 | Investing | 16 No. of investments | €3.03bn Committed capital |
DIF VDIF V is currently investing in both greenfield and operational assets around Europe, North America and Australia with a strong pipeline of investments offering long-term contracted or regulated income streams, stable and predictable cash flows, and attractive risk-adjusted returns. Final close: May 2018 Capital: €1.9 billion (Target: €1.5 billion) Target: PPP (PFI/P3) | Concessions | Regulated utilities | Renewable energy Locations: Europe | North America | South America | Australasia Projects: Greenfield | Operational |
2017 | Fully invested | 25 No. of investments | €1.9bn Committed capital |
DIF IVDIF IV has made 29 investments including both greenfield and operational assets around Europe, North America and Australia. It is now fully focused on management and optimisation.
Final close: September 2015 Capital: €1.15 billion (Target: €1.0 billion) Target: PPP (PFI/P3) | Concessions | Regulated utilities | Renewable Energy Locations: Europe | North America | Australasia Projects: Greenfield | Operational |
2015 | Fully invested | 29 No. of investments | €1.15bn Committed capital |
DIF IIIDIF III has made 53 investments around Europe and North America. The fund is focused on divesting (portfolios of) assets and has already realised 52 investments. It is targeting to realize the last investment before the end of 2022. Final close: March 2013 Capital: €800 million (Target: €600 million) Target: PPP (PFI/P3) | Concessions | Regulated utilities | Renewable Energy Locations: Europe | North America Projects: Greenfield | Operational |
2012 | Fully invested | 56 No. of investments | €800m Committed capital |
DIF IIDIF II has made 58 investments around Europe. After selling three onshore wind assets and seven PPP projects, the remaining 48 investments were divested to a single institutional buyer and are now held by DIF Yield I. Final close: October 2010 Capital: €572 million (Target: €500 million) Target: PPP (PFI) | Renewable Energy Locations: Europe Projects: Greenfield | Operational |
2008 | Fully realised | 58 No. of investments | €572m Committed capital |
DIF REDIF RE has made 26 investments in onshore wind and solar energy projects across Europe. Following a number of sales beginning in 2011, the fund divested all remaining holdings in 2018.
Final close: September 2008 Capital: €134 million Target: Renewable energy (onshore wind and solar) Locations: Europe Projects: Greenfield | Operational |
2007 | Fully realised | 26 No. of investments | €134m Committed capital |
DIF PPPDIF PPP invested in a wide range of PPP/PFI projects offering long-term stable cash-flows with minimal commercial risk. The fund was fully realised in November 2014 via its sale to Aberdeen Asset Management. Final close: March 2005 Capital: €121 million Target: PPP / PFI Locations: Europe Projects: Greenfield | Operational |
2005 | Fully realised | 16 No. of investments | €121m Committed capital |
DIF YIELD IDIF Yield I manages and optimises PPP/PFI and renewable energy projects that generate long-term, stable cash-flows with minimal commercial risk. The fund manages these assets on behalf of a single institutional investor who acquired the whole DIF II portfolio and 12 cross shareholdings with DIF III, and is a newly established continuation fund. Final close: September 2017 Capital: €750 million Target: PPP (PFI) | Renewable Energy (onshore wind and solar) Locations: Western Europe Projects: Operational |
2017 | Fully invested | 48 No. of investments | €750m Committed capital |
Ampere Equity FundDIF took over the fund management of Ampere Equity Fund on 1 January 2014. With a diversified portfolio of renewable energy assets, the fund has invested in projects using proven technology to deliver stable and predictable long-term returns. The fund has sold 6 investments and is targeting to realize further investments. Final close: December 2008 Capital: €350 million Target: Renewable energy (wind and solar) Locations: UK | Netherlands | Germany | Italy | Spain | France Projects: Operational |
2007 | Fully invested | 18 No. of investments | €350m Committed capital |
DIF Co-investmentsAlongside our main funds, we also offer co-investments. We are currently managing co-investment funds and direct co-investments for a total amount of around €1.15 billion. |
Fully invested | 20 No. of investments | €1.15bn Committed capital |