About This Fund
DIF Infrastructure IV is a €1.15 billion closed-end infrastructure equity fund managed by DIF Capital Partners, a specialist mid-market infrastructure investment manager founded in 2005. The fund held its first closing at €825 million on 28 July 2015, before reaching its final close on 28 September 2015 at €1.15 billion — exceeding its original €1.1 billion hard cap due to strong demand from both returning and new limited partners. DIF Capital Partners was subsequently acquired by CVC Capital Partners in 2023 and now operates as CVC DIF.
DIF Infrastructure IV targets long-term infrastructure assets with stable cash flows, focusing on Public-Private Partnership (PPP) concessions and renewable energy projects across Europe, North America, and Australia. The fund pursues both primary and secondary investment opportunities — a dual strategy designed to deliver an attractive immediate yield through secondary assets while also generating capital growth through primary project investments over the fund's long-term horizon. The limited partner base drew commitments primarily from European institutional investors, supplemented by North American and Asian institutions seeking diversified infrastructure exposure.
DIF Infrastructure IV represents the fourth vintage in DIF's flagship infrastructure series, following the successful deployment of DIF Infrastructure I, II, and III in similar PPP and renewables strategies. The manager has since progressed to DIF Infrastructure VII, which raised €4.4 billion at its 2024 final close — reflecting strong institutional demand for DIF's mid-market approach. DIF's core investment universe centres on regulated utilities, availability-based PPP concessions (schools, hospitals, roads, bridges), and contracted renewable energy generation assets, all sharing long-duration, inflation-linked cash flow profiles well-suited to pension and insurance mandates.