EIB invests €40m in Quaero European Infrastructure Fund
The European Investment Bank’s investment will go towards the Fund’s target of €250m in equity financing.
The European Investment Bank (EIB) has invested €40m in Swiss fund manager Quaero Capital’s European Infrastructure Fund. The investment “will help stimulate further interest in the fund”, which aims to commit €250m in equity financing for social infrastructure, transport, telecoms, energy and public or provide amenities. The fund invests in the infrastructure project financing market, which translates into small and medium scale operations.
Among the larger-scale projects supported by the Quaero European Infrastructure Fund is the deployment of superfast broadband which is designed to connect more than 370,000 homes, public amenities and firms to the fibre optic network across Alsace in the Grand Est Region of France. The EIB’s participation in the project, which is covered by a EU guarantee, falls directly in line with the Juncker Plan’s aim to secure financial for strategic sectors.