CVC DIF is expected to hold a EUR 3bn final close for its fourth value-add infrastructure fund in November, exceeding its original EUR 2bn fundraising target by 50%, according to a source familiar.

The Amsterdam-headquartered infrastructure fund manager had secured approximately EUR 2.7bn in commitments for DIF Value Add Infrastructure Fund IV by the end of September, based on figures disclosed in CVC’s third-quarter 2026 activity update.

Value Add IV is expected to close at its EUR 3bn hard cap in November, the source said. CVC’s update confirmed that the fund’s hard cap had been reached, without disclosing its size.

CVC reported combined commitments for Value Add IV and DIF Infrastructure VIII of EUR 6.3bn at the end of September, up from EUR 5.2bn at the end of June.

DIF VIII had raised EUR 3.6bn, according to the report, leaving approximately EUR 2.7bn attributable to Value Add IV.

A EUR 3bn final close would make Value Add IV nearly twice the size of its predecessor, DIF Value Add Infrastructure Fund III, which secured EUR 1.6bn, according to Infralogic data.

Value Add IV targets infrastructure businesses with development pipelines or growth opportunities, while DIF VIII has a global investment strategy focused primarily on social infrastructure, transport, renewable energy, energy transition and utilities in Europe and North America.

The two funds have a combined original fundraising target of EUR 8bn, comprising EUR 6bn for DIF VIII and EUR 2bn for Value Add IV, according to Infralogic data.

Their combined commitments have surpassed the EUR 6bn raised by the previous generation of funds. DIF Infrastructure VII secured EUR 4.4bn, while Value Add III raised EUR 1.6bn.

DIF VIII was between 25% and 30% deployed at the end of September, according to CVC’s update, with EUR 900m of invested capital and EUR 500m of deployment during the third quarter.

CVC’s infrastructure fee-paying assets under management (FPAUM) increased to EUR 20.1bn at the end of September, from EUR 17.4bn at the end of 2025. The business recorded EUR 3.2bn of gross inflows during the first nine months of the year.

Infrastructure deployment reached EUR 1.3bn in the third quarter, up from EUR 400m in the preceding three months, taking deployment for the first nine months of the year to EUR 2.2bn.

CVC, which is also active in private equity, secondaries and credit, reported total FPAUM of EUR 177bn at the end of September.

CVC declined to comment.