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F2i closes third infrastructure fund at €3.6 billion

F2i closed its third fund at its €3.6 billion ($4.1 billion) hard cap, ahead of the €3 billion target, the firm said in a statement Thursday.

The infrastructure fund invests in airports, natural gas networks, waterworks and photovoltaic plants. Investors include the $941.4 billion China Investment Corp., Beijing; Inarcassa the €9 billion Italian pension fund for engineers and architects, Rome; and Cipag, the Italian pension fund for surveyors, also in Rome. Cipag's assets could not be learned by press time.

"We are pleased to announce the final close of our third fund, marking the culmination of a highly ambitious project whose goal was to raise new capital, both Italian and foreign, in order to continue developing, in Italy, the major infrastructural platforms already in the portfolio, while undertaking new initiatives in sectors of strategic importance to the country," Renato Ravanelli, CEO of F2i, said in a news release.