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Babcock & Brown Reaches Final Close On Wholesale European Infrastructure Fund

12/5/2007 4:34:11 PM Babcock & Brown on Wednesday said that it has reached final close on the Babcock & Brown European Infrastructure Fund or BBEIF with total commitments of 2.17 billion or A$3.8 billion, exceeding its initial target of 1.5 billion.

BBEIF will target additional investments in the energy, water and transport sectors as well as other critical infrastructure assets.

Babcock & Brown said the fund would benefit from its network of more than 420 infrastructure originators and specialists worldwide.

Babcock & Brown is an international investment and specialised fund and asset management group.