First State – Hard cap reached in latest fund



Fund manager First State Investments has reached a hard cap final close of its second European infrastructure fund (EDIF II) with EUR 2.61bn of commitments. The 15-year fund was launched in 2016 with a EUR 2bn target and EUR 2.5bn hard cap, but the manager during the final series of fundraising raised the hard cap to EUR 2.61bn to accommodate for surplus demand.