Since the launch of Edmond De Rothschild’s Bridge IV in April 2018, which comprises a combination of subfunds, the Bridge platform has raised EUR1.25 billion, well above its initial EUR750 million target. This latest fund raising brings total Bridge platform assets raised since its initial launch in August 2014 to EUR2.6 billion. Considering new Bridge assets rely mainly on third party fund raising by Edmond de Rothschild Asset Management’s in-house sales teams, this is a notable accomplishment for ad independent family-owned firm.
Bridge is one of Edmond de Rothschild’s core long term strategies and part of the firm’s commitment to Infrastructure, Energy Transition and ESG. One of Bridge IV’s senior sub-funds obtained the Greenfin Energy Transition label in May 2018 and has already managed to deploy more than 75% of funds raised.
This time, Bridge IV raised money for both Senior and Junior debt instruments through distinct sub-funds. Around EUR800 million of senior debt was raised and EUR450 million for the first junior debt fund (Bridge Higher Yield), well above the initial EUR250 million target for this new strategy.
Bridge has also secured a significant managed account from a German insurance company, demonstrating Bridge’s growing presence and reputation in the infrastructure debt space, as well as the institutional trust given to the platform and its team. During this fund raising, Edmond de Rothschild Asset Management closed its first EUR150m Bridge junior debt subfund with a pool of South Korean investors, thus further broadening its investment reach.
In 2019, the London/Geneva based team of 13 professionals, led by Jean-Francis Dusch, have continued to successfully deploy around EUR600 million over 15 assets in Europe, mixing investments in landmark transactions and leading the arrangement of more proprietary debt financings across all sectors. Bridge can also invest in OECD countries outside Europe.
