Cordiant Capital has raised over half a million dollars at the first close of its latest infrastructure and real assets debt fund.

The manager said its both new and returning investors, including large European insurers, have committed more than $500m (€454bn) to the Cordiant VII Infrastructure & Real Assets Debt fund and a parallel managed account that will co-invest alongside the fund.

A final close of the fund is expected early in the first half of next year, the manager said.

Cordiant VII will focus on structurally-advantaged private debt investments in infrastructure and agriculture real assets.

The Montreal-based fund manager is known to target growth companies in regions such as emerging Europe, Latin America and selected parts of Africa and Asia.