Edmond de Rothschild Asset Management is looking to raise up to €800m for an infrastructure debt fund.
The manager said the vehicle – its second targeting infrastructure debt – would focus on lending opportunities across Europe over the next four years.
The Benjamin de Rothschild Infrastructure Debt Generation (BRIDGE) vehicle is aiming to raise €400m-800m from European institutions, with a first close scheduled for the end of July.
The company said the fund, registered in Luxembourg, would aim to capitalise on a strong pipeline of deals in Europe.
The fund will target projects and completed assets, as well as co-investments.
The company said infrastructure debt, with interest rates set to remain low and the arrival of new players offering alternative funding solutions, was creating opportunities for long-term investors looking for yield.
The fund’s predecessor, set up in August 2014, focused on the renewable energy, road, rail and air transport and social infrastructure sectors.
Set up for French institutions, including insurance companies, provident societies and mutuals, the €595m fund has invested 71% of its commitments to date in France, Germany, Austria, Belgium and the UK.