UBS Asset Management’s Real Estate & Private Markets business has raised €850m (£754m) for its second European infrastructure debt fund, Archmore Infrastructure Debt Platform II.
This surpasses the €700m set target within six months of its launch. UBS said the fund will stay open until year-end, with a hard cap of €1bn.
The fund’s strategy targets private infrastructure debt opportunities of medium size in Western Europe, primarily through direct lending on senior secured projects.
Commitments have been received from over 40 limited partners through a mix of insurance companies and pension funds from Europe and Asia, 46% of which have previously invested in IDP II’s predecessor.
REPM’s European infrastructure debt platform has already invested in 14 transactions with operations spread across 13 countries.
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