Infrastructure fund manager Infranity has raised over 鈧�1.6bn for its third senior infrastructure debt strategy and expects to make an initial close for a follow-on fund soon.
The infrastructure business of Generali Investments said the capital raised for the fund, which has a side-car vehicle, exceeded an initial target of 鈧�1.5bn.
Infranity said the fund鈥檚 backers include international institutional investors, a number of which are European insurance companies.
Senior Infrastructure Debt, which was launched in the second half of 2021, has already invested more than 80% of the capital raised.
The vehicle will invest in senior investment-grade debt backed against renewable-energy and digital-transition assets in Europe.
Infranity said it is progressing with the fourth senior infrastructure debt vehicle with a first close imminent.
Philippe Benaroya, CEO and managing partner of Infranity, said: 鈥淚nfranity has been able to successfully close its flagship fund, overachieving its original target with more than 鈧�1.6bn of investor commitments.
鈥淚t underlines Infranity鈥檚 leading infrastructure debt capability in Europe, bears testimony to the strong deployment pace, and highlights the attractive product offering of our firm.鈥�
To read the latest edition of the latest 麻豆映画 Real Assets magazine click here.
