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Cube Infrastructure Managers

Private equity

Luxembourg · Growth · 62 people tracked

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Investment thesis

Cube invests in essential European infrastructure using a buy-and-grow strategy, active asset management, and an integrated ESG approach. It targets under-the-radar, mid-market companies and empowers local management teams to drive growth. Core focus areas include energy transition (district heating, renewables such as solar, wind, hydro, geothermal, and energy-from-waste), telecoms and digital infrastructure (fiber broadband, datacenters, IoT), transport and mobility (public transport and temperature-controlled logistics), environment (waste management and recycling), and EV charging. The firm continually analyzes market trends to identify new high-growth infrastructure sectors that need both capital and operational capability, aiming to deliver value for investors, communities, and stakeholders.

Source: firm website, verified Sep 29, 2026.

Stage
Growth
HQ
Luxembourg, LU
Instruments
Equity
Founded
2007
Private fund assets
$2.8B
Tracked investments
50

Team · 62 people

from the firm's website & curated
Emmanuel Rogy· Partner & Deputy CEO
Jérôme Alméras· Partner & CFO
Julie Bonamy Racine· Partnerin
Natalia Sutugina· Managing Directorin
Rahul Kumar· Partnerin
Saket Trivedi· Partnerin
Stefan Weis· Partnerin
Stéphane Calas· Partner
Xavier Martín· Partner
Alberto Martinez· Investment Directorin
Alonso Torres· Investment Managerin
Ambroise Bayen· Investment Directorin
Andrew Gresham· Finance & Tax Directorin
Ankit Kakkirala· Investment Associatein
Aurore Bischoff· Human Resources Manager
Ayaz Alakbarov· Senior Investment Manager
Ayoub Fadhil· Senior Financial Controller
Carolina Camacho· Investment Analyst
Caroline Kam· Senior Legal Counsel
Charles Notteau· Senior Financial Controller
Choraj Seeboo· Financial Controller
Doyeon (John) Kim· Senior Investment Associate
Elisa Piermattei· Assistant
Erwann Duquesne· Head of ESG
Joan Costa· Investment Managerin
Justine Basile· Legal Assistantin
Kalina Neytcheva· Investment Analyst
Khutheary Ket· Project Management Officer
Kristina Cipelli· Investment Manager
Louis Farque· Investor Relations & Communications Managerin
Marcel Cauberg· Investment Manager
Marie-Pierre Dufeu· Managing Assistantin
Martin Nefontaine· Portfolio Assessment Manager
Maxime Chehirlian· Head of Legal
Maxime Clément· Compliance Associatein
Mylène Gutt Gueguen· Finance Officerin
Niccolò Ricci· Investment Managerin
Nil Ozlevi· Investment Managerin
Paolo Giuliani· Portfolio Assessment Associate
Pauline Ferrand Messier· Investor Relations & Communications Senior Managerin
Sebastiano Nardin· Senior Investment Analystin
Shi Zhou· Investment Manager
Simona Mocellin· Risk Manager
Weichen Xie· Investment Associatein
Wenjin Liu· Portfolio Assessment Analyst
Wenqing Yang· Senior Financial Controllerin
Yun-Chieh Lee· Investor Relations & Communications Analystin

What they invest in

from 13 of 50 portfolio companies

Enterprise Software ×7Cleantech ×5Energy ×5Cloud Computing ×4Climate Tech ×3Data & Infrastructure ×3Mobility & Transportation ×2Circular Economy ×1

HQs:Spain×3France×2Belgium×1Czechia×1Germany×1United Kingdom×1

Investments · 50 tracked

founders shown can be your intro path
RiverRidgeriverridge.co.ukin𝕏✓ verified

RiverRidge is a waste management company based in Northern Ireland that provides waste treatment, recycling, and resource recovery solutions for businesses and communities, operating multiple treatment facilities with a focus on reducing landfill reliance.

Circular EconomyCleantechEnergyBelfast, GB

Brett Ross(CEO)inChris Fillis(Operations Director)in

Co-investorsEquitixBusiness Growth Fund

Asteo Red Neutraasteo.esin

Asteo Red Neutra is a wholesale telecommunications infrastructure operator that designs, deploys, and manages backbone, backhaul, and fiber-to-the-home (FTTH) access networks, providing wholesale connectivity services to telecom, energy, and other network operators.

Cloud ComputingEnterprise Software

Pedro Abadin

CogenInfracogeninfra.itin𝕏

Cogeninfra develops and operates district heating networks and delivers energy efficiency solutions—including photovoltaic, cogeneration and trigeneration plants, heat recovery systems, heat pumps, and a digital platform for monitoring energy data—for industrial clients and public administrations.

CleantechClimate TechEnergy

Covagecovage.comin𝕏

Covage provides fiber optic and mobile connectivity solutions for B2B customers, including enterprises and local authorities across France.

Cloud ComputingEnterprise SoftwareGovTechIoT

dstelecomdstelecom.ptin

dstelecom builds and operates fibre-optic network infrastructure in Portugal, focused on extending broadband connectivity to lower-density and interior regions.

EnergyEnterprise Software

ENETIQAenetiqa.czin

ENETIQA Solutions is an energy services company that develops and delivers EPC (Energy Performance Contracting) projects for municipalities and public institutions in the Czech Republic, helping clients achieve defined energy savings.

CleantechClimate TechConstruction TechEnergyCzech Republic, CZ

Martin Hvozda(Director)in

BoardJörg Lüdorf(Chairman of the Board)

firstcolofirstcolo.netin𝕏

firstcolo operates redundant, ISO 27001/ISO 9001-certified data centers in the Rhein-Main region around Frankfurt am Main, offering colocation, cloud, and managed IT services with direct DE-CIX connectivity.

Cloud ComputingData & InfrastructureEnterprise SoftwareFrankfurt am Main, DE

Glesysglesys.com

Glesys provides managed cloud infrastructure services including KVM servers and database hosting for PostgreSQL and MySQL.

Cloud ComputingData & InfrastructureDeveloper ToolsSaaS

Hanseahansea.bein

Hansea is a Belgian mobility company that provides customized passenger transport and integrated mobility solutions, including bus and coach rentals, through a network of more than 45 locations across Belgium.

Mobility & Transportation

Co-investorsGimv

IslaLinkislalink.com

IslaLink develops, deploys, and operates submarine cable systems and terrestrial fiber infrastructure connecting European regions.

Data & InfrastructureEnterprise SoftwareMadrid, ES

Alfonso Gajate(Founder)Ross Mullins(Founder)Bruce Raw(Founder)

Rede Abertaredeaberta.galin

Rede Aberta is a Galician neutral wholesale telecommunications operator that deploys a fiber-optic network across rural Galicia, offering wholesale connectivity services (FTTH, dark fiber, Ethernet circuits, and housing/interconnection) to other telecom operators.

Enterprise Software

Co-investorsAllianz Global Investors

Saursaur.comin𝕏

Saur provides water infrastructure operation, maintenance, and treatment solutions for municipalities and industrial clients, offering diagnostic tools, digital monitoring platforms, and advanced filtration technologies for drinking water, wastewater, and industrial water systems.

CleantechClimate TechEnterprise SoftwareImpact & Social Good

Co-investorsEQT

Stations-estations-e.comin𝕏

Stations-e is France's first national network of multi-service electric charging stations, providing charging infrastructure and related services for electric vehicle owners, municipalities, and businesses.

CleantechEnergyMobility & TransportationFrance, FR

Alain Rolland(Founder)in

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

BergkvaraBoralex EuropeBorealCFTRClioFiberCNIM DevelopmentCubIKS GmbHDispamEurotunnelEurotunnel Le ShuttleFibernetFotosolariumG networkGRECOGreen Energy PlatformHeliotIdexKopleMétropolisMüller TransporteNetineraNewlincsNorsk VannkraftOspreyRodinRPIPERuneRUNE CrowRUNE EniaScancomSepurTaranis EnergyTrooliUmoveUnifiberVaranger KraftvindVerdis

Fund performance · per public LP disclosures · 3

as of Sep 2025
FundVintageCommittedNet IRRTVPIDPI
Cube Infrastructure IIILPs: Maine Public Employees Retirement System2021—9.3%1.27x0.12x
Cube Infrastructure IILPs: Maine Public Employees Retirement System2018—4.6%1.26x0.15x
Cube InfrastructureLPs: Maine Public Employees Retirement System2010—8.0%1.62x1.61x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

How many investments has Cube Infrastructure Managers made?
Cube Infrastructure Managers has 50 tracked investments.
What stage does Cube Infrastructure Managers invest at?
Cube Infrastructure Managers invests at the Growth stage.
What sectors does Cube Infrastructure Managers focus on?
Cube Infrastructure Managers focuses on Circular Economy, Cleantech, Climate Tech, Data & Infrastructure, Energy, Impact & Social Good, IoT, Logistics & Supply Chain, Mobility & Transportation.
Where is Cube Infrastructure Managers located?
Cube Infrastructure Managers is headquartered in Luxembourg, LU.

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