Bouwfonds Investment Management has raised capital from German insurers and pension funds for a communication infrastructure fund.
The investment manager is aiming to invest up to 鈧�600m in fixed-line networks in Germany.
It is aiming to raise 鈧�300m in equity for Communication Infrastructure Fund II and has so far secured 鈧�100m in a first close.
Bas van Dongen, managing director for communication infrastructure Germany at , said: 鈥淭he Fund focuses on regional and local access networks in Germany in areas that are currently underserved and have sufficient size and population density.鈥�
Investments will primarily be made in fixed-line networks, but it can also invest in communication towers and data centres.
Bouwfonds IM launched its first communication infrastructure fund in the Netherlands in 2008, in 2010.
