Whitehelm Capital has raised an initial 鈧�500m for its infrastructure debt fund.
The infrastructure investment manager said the Whitehelm Capital Infrastructure Debt Partners I fund reached its fundraising target at first close and is expected to hold a final close by the summer of 2020.
Whitehelm said it has made its first two investments for the investment platform, investing in both a utility and a broadcast infrastructure business.
Alexander Waller, head of infrastructure debt, Whitehelm Capital said: 鈥淲e see increasing interest from investors in defensive, yet attractively yielding, strategies with proven track鈥恟ecords and stable, long鈥恠tanding investment teams, as is the case with our infrastructure debt investment strategy.
鈥淭hrough the cycle, we expect high鈥恲ielding infrastructure debt to deliver very attractive risk鈥恆djusted returns, providing a rare combination of strong cash returns and insulation against future volatility.鈥�
