DWS today announced the final close of its third Pan European Infrastructure (PEIF III) fund
achieving EUR 3 billion, which is in excess of its EUR 2.5 billion fund target. This is the third
fund in the successful flagship PEIF series.
Demonstrating high demand for its European focused strategy, the fund – which was
launched in 2019 – closed with more than 70 investors including a significant cohort who had
also invested in previous funds in the PEIF series. The investor base reflects a wide net of
global and blue chip investors from across Europe (Germany, Italy), Asia (South Korea,
Japan) as well as the United States. DWS achieved this successful close despite restrictions
caused by the pandemic with much of the fundraising effort conducted remotely.
“We are thrilled to achieve the final close of PEIF III, following on from PEIF and PEIF II which are currently ranked as top quartile funds. Our distinctive investment approach for our European strategies focuses on mature infrastructure assets in Europe and allows us to leverage the experience, expertise and successful track record of our investment team.”Hamish Mackenzie, Head of Infrastructure at DWS
Further propelling the positive momentum behind the fund, the investment programme for
PEIF III achieved more deployment success than any other fund of its vintage in 2020. To
date it has committed circa EUR 1,050 million across four transactions which includes two
investments in energy transition, one investment in healthcare and a commitment in the
rolling stock leasing sector.
“Our investment focus on the key macro-economic trends of decarbonisation and digitalisation of the economy has proven its relevance in the current Covid crisis. We willHarold d’Hauteville, Head of Infrastructure Equity, Europe at DWS
continue to progress a robust pipeline with a consistent focus on the sectors that will further
contribute to the long-term recovery and the sustainability of our economies.”