LONDON/AMSTERDAM – 8 APRIL 2019. APG and Whitehelm Capital, on behalf of the Smart City Infrastructure Fund, have agreed to partner with SiFi Networks America Ltd (“SiFi”) to invest over $75 million in the deployment of Smart-City ready digital infrastructure in the City of Fullerton, California. The investment will enable the roll-out of the largest privately funded open access fiber network by SiFi in North America.
The Fund has raised €250 million at first closing through commitments from APG. In view of the scale of investment required by the sector, estimated globally to be worth over €1.5 trillion by 2025, subsequent closings will occur to meet investment demand.
Whitehelm Capital and APG, on behalf of ABP and other pension fund clients, announced today the first close of the Smart City Infrastructure Fund (the “Fund”), an investment vehicle set-up to pool pension fund investments in select Smart City infrastructure across Europe, North America, Australia and other major urban areas in the world.