Specialist UK financial services firm Just Group has committed £255m (€292.3m) across separate infrastructure financing deals with Vantage Towers, Adapteo Group and Nordiqus.
The FTSE-listed company said it provided £89m through a senior secured private placement for wireless tower operator Vantage Towers, committed £86m to Adapteo Group’s green modular building projects and allocated £80m to support Nordiqus to continue to operate over 600 educational facilities across the Nordics.
Just Group, which is ramping up its infrastructure exposure, said it sourced over £350m of infrastructure investments in the first nine months of the year using internal capabilities. The firm targets assets spanning transport, utilities, renewable energy, digital infrastructure and social facilities.
Mohamed Tabi, director of credit and private assets at Just Group, said: “At Just we help people achieve a better later life – it’s our purpose and why we exist. Our growing investment in critical infrastructure projects demonstrates our commitment to supporting the essential systems that underpin society.
These investments not only contribute to a more resilient economy but also generate the sustainable, long-term returns that deliver security and peace of mind for our customers.”
Daleep Shahi, head of origination, private assets, at Just Group, said: “Our support of these private placements in important infrastructure demonstrates Just’s commitment to investing in a way that provides the secure, long-term income required to pay our policyholders and to deliver lasting value for our stakeholders.
“These assets provide solid risk-adjusted returns with a duration well-suited to match our liabilities.”
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