References/19 May 2025

Borenius advised Evli on the formation of Evli Infrastructure Fund III

We acted as Evli Fund Management Company Ltd’s legal counsel as it launched its third infrastructure fund of funds, Evli Infrastructure Fund III. The new fund continues Evli’s global infrastructure program, and it will invest globally in private equity funds targeting unlisted infrastructure investments and projects. In total, Evli has raised and invested over EUR 300 million in infrastructure assets since 2020.

Evli Infrastructure Fund III invests in private equity funds focusing on critical infrastructure, such as energy production and distribution, water supply, transportation, telecommunications, and social infrastructure, primarily in Europe and North America. The fund targets diversification across an estimated 100+ infrastructure assets through 7–10 infrastructure funds. The fund may also make co-investments directly in target companies alongside selected infrastructure funds.

Evli’s two first infrastructure fund of funds have indirectly invested in over 200 unlisted infrastructure assets across more than 30 countries.

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Team

Paulus Hidén

Partner

Helsinki