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Babcock & Brown closes infrastructure fund on €2.17bn05/12/2007. Source: AltAssets. 
 Babcock & Brown has held a final closing on its Babcock & Brown European Infrastructure Fund. The fund has raised €2.17bn, exceeding its initial target of €1.5bn.
BBEIF was launched in early 2007 and held previous closings on €1.3bn on 25 May and €1.6bn on 2 August.
The fund will target investments primarily in the energy, water and transport sectors.
Peter Hofbauer, global head of infrastructure, Babcock & Brown, said, 'We are delighted to be announcing the final close on BBEIF, being the first in a series of unlisted infrastructure fund initiatives around the globe, focused on key regions.'
Antonino Lo Bianco, European head of infrastructure at Babcock & Brown, added, 'There is a wealth of high quality infrastructure investment opportunities in Europe and we are confident that our expertise and origination teams will create a portfolio of carefully selected high quality assets that will deliver strong returns for our investors in the fund.'
Babcock & Brown operates out of 29 offices across Australia, North America, Europe, Asia, the United Arab Emirates and Africa.
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