Babcock & Brown, the Australian-listed investment management group, has revealed the acquisitions of several port operators days after raising more than €2bn ($2.9bn) to invest in European infrastructure assets.

Babcock & Brown has spent A$617m (€368m) on port assets in Belgium, Germany and the US just four days after closing the fund. The fundraising brought in €700m more than Babcock & Brown had originally hoped to raise and is targeting investments in the energy, water and transport sectors.