Marguerite announces final close of Marguerite III  

Luxembourg, 23 December 2024 – Marguerite, a pan-European infrastructure investment firm, has reached the final close of its third infrastructure fund, securing total commitments of over €700 million.

Marguerite III has secured strong support from previous investors, including re-ups from all limited partners (LPs) in Marguerite II, with the European Investment Fund replacing the European Investment Bank.

“We are pleased with the outcome of the Marguerite III fundraising despite a challenging environment, which reflects both the strength of our existing relationships and the trust of new investors,” said Nicolás Merigó, CEO and Managing Partner at Marguerite. “The fund attracted substantial commitments from new LPs from Europe and beyond, showcasing our growing global appeal and investor confidence in our strategy, team, track record and expertise”.

The fund has already deployed in excess of 50% of its capital into seven investments, these include:

Marguerite III continues the firm’s strategy of investing in transformational infrastructure that aligns with investor priorities, including energy transition, digital transformation, waste and water management, and sustainable transport. All its investments are fully aligned with the Paris Agreement, and Marguerite strives to go further by engaging all portfolio companies to define improvement pathways on all material ESG topics. The company has recently joined the Net Zero Asset Managers initiative, publicly underscoring its commitment to investing with long-term climate goals and creating infrastructure solutions that support a low-carbon future.

“Our focus is on building and expanding infrastructure that contributes to climate change mitigation and adaptation, circular economy, energy security and digital and transportation services improvement. The relevance and importance of these themes have dramatically increased in recent years, and we recognise our responsibility to generate benefits for our investors and other stakeholders within the European infrastructure ecosystem,” said Nicolás Merigó.

Established in 2010, Marguerite has invested (or committed) more than €2 billion into 45 infrastructure investments across 16 countries.

FIRSTavenue served as an exclusive placement firm in all territories except Germany and Austria. Selinus served as an exclusive placement firm in Germany and Austria.