Infrastructure investment specialist Infranity has launched its commingled Enhanced Return Debt strategy which, together with co-investments, has already exceeded half of its target, reaching €1.585bn in capital commitments.
The Enhanced Return Debt Fund (ERDF) has received significant seed capital from Generali Group and strong support from recurring investors. The fund also attracted considerable interest from new institutional investors, including pension funds, and sovereign wealth funds, as well as insurance companies and traditional investors in the asset class.
Infranity’s ERDF focuses on senior debt opportunities in the infrastructure sub-investment grade debt segment which offers attractive relative value. The fund will be classified under SFDR Article 8, with ambitious ESG objectives and a 50% allocation of the fund to climate solutions, with a focus on renewable energy, low carbon energy transition projects and essential digital and social infrastructure.
In line with Infranity’s operating model capital deployment has been taking place at pace. Five seed assets have already been executed, with a total value representing circa, including capital deployment in the renewable space providing €125m of financing for an Italian solar IPP platform.
Since its inception in 2018, Infranity has built a strong track record in sustainable infrastructure debt investments, closing almost 100 investments in excess of circa €9bn. Infranity’s AUM now exceeds €11bn.
