AXA Investment Managers – Real Assets has raised €730m (£618m) at the close of its first co-mingled European-wide infrastructure debt fund.
Infrastructure Finance SCS-SIF – European Infra Senior 1 will target senior secured debt investment in the infrastructure (transport, telecom, social) and energy (including renewables) sectors with a preference for brownfield assets.
The fund will co-invest alongside existing mandates managed by the infrastructure finance team of AXA IM – Real Assets.
The fund size is capped at €1.5bn.
AXA IM – Real Assets has so far invested €3.1bn in infrastructure debt, across more than 35 transactions.
The current portfolio is includes investment in France (25%), the UK (24%), the Nordics (17%) and Germany (11%).
Isabelle Scemama, head of funds group at AXA IM – Real Assets, said: “The launch of European Infra Senior 1 with an initial €730m of capital raised underlines the increasing appetite among institutional investors for access to a diversified portfolio of tier-one quality infrastructure loans”.
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