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BRIDGE platform hits EUR1bn under management

Five new investors, with commitments totalling a combined EUR147 million, have joined the BRIDGE platform through BRIDGE II, a Luxembourg-regulated fund dedicated to infrastructure debt investment.

Less than two years after its first closing, the BRIDGE platform has raised close to EUR1 billion through three funds, of which EUR400 million was raised in 2016.
 
The first closing of BRIDGE II (Benjamin de Rothschild Infrastructure Debt Generation) at the beginning of December, involved new investors based in Italy, Germany and France and should enable an interim closing at the beginning of 2017 as investors are currently at an advanced due diligence stage. BRIDGE II is expected to complete its fundraising during Q2 2017 and for a similar amount as FCT BRIDGE I.
 
As with BRIDGE I, the fund, which is managed by the same London-based team of 11 experts, seeks to broaden the platform's range and capture new opportunities among the vast universe of available infrastructure assets. 
 
Three investments have already been structured and closed just before the Christmas break.
 
These first crystallised opportunities see the BRIDGE platform reinforce its position in the social and telecoms infrastructure, the latter via a first investment in a fibre optic PPP (Public Private Partnership) in France. A new opportunity in the renewable energy sector is being structured and should close soon.
 
These newly closed opportunities take the number of investments in 2016 to 10. BRIDGE I, 94 per cent invested, is also finalising its investment period -one year ahead of schedule. 

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