Edmond de Rothschild Asset Management’s BRIDGE (Benjamin de Rothschild Infrastructure Debt Generation) platform has now reached EUR1.2 billion and has tripled in size since the first closing of FCT BRIDGE I in July 2014 with EUR400 million.
The second closing of BRIDGE II has been completed, after a first closing in early December.
The fund brought together a group of new investors based in France, Belgium, Germany, Spain and Italy, as well as existing investors from the first-generation fund, FCT BRIDGE I.
BRIDGE II (Luxembourg law vehicle) is expected to reach its final closing by this summer, with similar amounts to FCT BRIDGE I.
In parallel, a new fund that will co-invest mainly with BRIDGE II over shorter maturities, BRIDGE II.2, also reached its first closing.
These two second-generation funds, managed by the same team of 11 London-based experts, aim to expand Edmond de Rothschild’s infrastructure debt platform offer with a view to capture new opportunities along the themes of trans-European transport networks, energy transition, digital access for all, upgrading some key utilities or intermodality, namely the transition from one mode of transport to another.