Cube Infrastructure Managers

Combining regular yield and capital appreciation

Investment Management Company

Cube Infrastructure Managers is an independent Luxembourgian management company focusing on investments in the European infrastructure space. The Manager is constituted by a close-knit Manager Team with broad industrial and managerial experience, and with a highly international profile. Cube has €2.3 billion in asset under management through three funds all active in the European infrastructure space.


Cube Infrastructure Fund and Cube Infrastructure Fund II’s respective objective is to generate a combination of current yield and long-term capital appreciation through investments in regulated, brownfield infrastructure assets, addressing the essential infrastructure needs of the local communities, primarily within western Europe, and with a “Buy-Grow-and-Hold” strategy. To do so, Cube takes control or co-control positions in mid-caps with highly competitive runners up positions and develops their potential through organic growth and synergetic add-on investments. The funds focus on strategic infrastructure markets offering sustainable growth potential principally driven by deregulation and/or market consolidation needed to improve the efficiency of essential infrastructure & public services, notably Energy Supply, Communication Infrastructure and Public Transport.

Connecting Europe Broadband Fund is the third vehicle managed by the manager. The fund invests across Europe to support fiber infrastructure, and the fund is targeted to unlock additional investments between €1 billion and €1.7 billion for fiber rollout in areas where very high-capacity networks are not deployed yet. The European Commission and the European Investment Bank, together with the German KfW Bankengruppe, the Italian Cassa depositi e prestiti and France’s Caisse des Dépôts et Consignations alongside private investors are supporting the fund.

History

Cube Infrastructure Managers was created in 2007 and is an independent fund manager owned by its Managing Partners. The manager has a strong international team with proven track record from investing and managing strategic infrastructure assets in Europe. It currently manages Cube Infrastructure Fund, Cube Infrastructure Fund II, and the Connecting Europe Broadband Fund.

Cube Infrastructure Fund had its final close in July 2010 with total commitments of €1.08 billion, it has invested across 15 transactions, createing four industrial platforms in energy supply, public transport, communication infrastructure and power generation and environmental services.

Cube Infrastructure Fund II has current commitments of €770 million, and a portfolio of four seed investments.

In June 2018, Cube Infrastructure Managers announced the first close of the Connecting Europe Broadband Fund (CEBF) with a total commitments of €420 million.
CEBF is a first of its kind, fully dedicated to broadband infrastructure in Europe, seeded by large European public institutions and private shareholders.

Strategy - Key Features

Cube seeks to combine regular yield with capital appreciation through a platform build-up and growth strategy.

Investor Base

All three funds under management have a high quality and geographically diverse investor base, including pension plans, insurance companies, asset managers and fund of funds.