Friday, June 21, 2024

Infranity secures €2bn for infrastructure impact debt funds, doubling target

Must read

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.

Latest article