Infranity, the infrastructure business of Generali Investments, has secured €2bn for its two flagship Europe infrastructure impact debt funds, doubling the amount the asset manager initially set out to raise.
Infranity said the Impact Infrastructure Debt Funds, one focused on green assets and one on digital and social investments, together with their respective sidecar vehicles, received capital commitments from investors including pension funds and insurers.
The Impact Infrastructure Debt Funds, categorised as Article 9 products under the EU Sustainable Finance Disclosure Regulation, will target senior, sub-investment-grade debt, a part of the market it said offered attractive relative value.
Philippe Benaroya, CEO and managing partner of Infranity, said: “We are very pleased with the successful final closing of these unique impact debt funds which have raised €2bn, largely exceeding the initial target. We are grateful for the support of our rapidly expanding client base who confirmed their confidence in our ability to deliver attractive assets from a risk-adjusted return.
“Our investment team have progressed quickly, deploying an attractive investment opportunity in infrastructure, where we originate a strong and proprietary deal flow via our broad network of contacts. This underlines Infranity’s strong positioning in sustainability-orientated infrastructure investments.“
So far, 25 investments have been completed.
To read the latest IPE Real Assets magazine click here.
Russia is waging a "reckless campaign of sabotage" across Europe, the heads of MI6 and the CIA have warned in their first-ever joint remarks.Sir
Institution: Montana Board of InvestmentsHeadquarters: Helena, USAUM: $27.9 billionAllocation to infrastructure: 1.68%
Arjun Infrastructure Partners, a European infrastructure fund manager, has received licensing as an E.U. alternative investment fund ma
Governments doing the right thing Signs are starting to emerge of policymakers moving in the right direction. Over the past year, there has been growing a