Cube III is the successor fund to Cube Infrastructure Fund II (“Cube II”), which closed at €1 billion of total commitments in June 2019. Like its predecessor, Cube III has the objective of generating regular yield and long-term capital appreciation through investments in the European brownfield infrastructure space.
The fund boasts a well-diversified, global investor base of existing and new institutional investors from North America, Europe, Asia and the Middle East.
Fully aligned with Cube’s ESG commitments, Cube III builds on the successful investment strategy of Cube II, focusing on high-growth sectors underpinned by technological, environmental and social megatrends. It aims to address the essential infrastructure needs of local communities in markets offering strong downside protection and attractive growth dynamics.
Cube III made its first investment in October 2021 and has since invested approximately €700 million in 11 high-quality assets that demonstrate significant growth potential and strong positioning in their respective markets. Current portfolio companies include: energy transition companies ENETIQA, Norsk Vannkraft and GRECO; datacenter operators firstcolo and GleSYS; waste management companies Sepur and RiverRidge; transport logistics platforms Dispam and Müller Transporte; and EV charging network operators Kople and Stations-e. Cube III has also recently signed an agreement to acquire Urbaser Nordic, a leading waste collection platform in Scandinavia.
Renaud de Matharel, CEO and Managing Partner of Cube Infrastructure Managers, commented:
“We’re thrilled to share the news of this successful milestone for our Cube III fund. We thank our existing and new investors for their continued support. Since foundation, Cube has leveraged its operational and financial capabilities to pioneer and transform essential and local infrastructure assets. We’re proud to continue our successful investment strategy and look forward to delivering high-quality infrastructure assets in the rapidly evolving European mid-market space.”