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DIF US
DIF US is an SEC-registered investment adviser based in Wilmington, DE, registered since 2021. It provides investment advice to clients. The firm is...
DIF US
DIF US is an SEC-registered investment adviser based in Wilmington, DE, registered since 2021. It provides investment advice to clients. The firm is headquartered in Wilmington.
General information
Firm type
Asset Manager
Location
Region
North America
Country
United States
City
Wilmington
Corporate office
New York, NY, United States
Principals
Julia S. H. Smith
Managing Partner
Michael D. Johnson
Senior Advisor
Sector focus
Frequently asked questions
Who runs investment decisions at DIF US?
Julia S. H. Smith serves as Managing Partner leading the US operation. Michael D. Johnson acts as Senior Advisor. Final investment decisions follow the DIF Capital Partners investment committee framework, which includes European senior partners.
How does DIF US source proprietary deal flow?
DIF US leverages DIF Capital Partners' existing relationships with European institutional LPs and US infrastructure developers. The firm also screens public procurement databases for PPP opportunities. Deal sourcing is cross-border.
Is DIF US a single-family office or a fund manager?
DIF US is an institutional fund manager, not a family office. It operates as the US subsidiary of DIF Capital Partners, a regulated infrastructure investment firm with multiple closed-end funds, not a private balance sheet.
Does DIF US participate in fund commitments or only direct deals?
DIF US primarily makes direct infrastructure investments (equity and debt). But institutional LPs in DIF's funds commit capital to those vehicles; the firm also invites co-investment from select LPs.
What investment stages does DIF US typically target?
The firm focuses on mid-market infrastructure, including late-stage development, construction, and operational assets. Target deal sizes are typically $50M–$500M.
Which sectors does DIF US explicitly avoid?
DIF US does not invest in fossil-fuel extraction, greenfield real estate, or early-stage technology. The firm's energy transition focus excludes coal and oil production.
Where does the underlying capital for DIF US come from?
Capital comes from institutional investors, including pension funds, insurance companies, and sovereign wealth funds that commit to DIF Capital Partners' fund series. There is no single-family wealth origin.
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