La Banque Postale Asset Management (LBPAM) has raised €813m for real-asset funds.
The French asset management company has reached second closing for its new infrastructure and real estate debt funds.
Launched in April, the two funds raised €413m and €400m, respectively.
A final close is due early next year.
LBPAM secured €500m in commitments from insurers and pension funds for its first debt fund in 2013.
The fund invested in social housing, transport, utilities and renewable energies, as well as real estate projects such as office, retail, residential and logistics.
As reported in February, Natixis and La Banque Postale are merging their real estate investment managers AEW Europe and Ciloger, creating a real estate investment manager with combined assets under management of €23bn.
The companies said the combined French platform for the management of real estate funds aimed at retail clients would benefit from investment capacity to serve the entire retail banking and insurance networks of the BPCE Group and La Banque Postale, as well as external clients and independent financial advisers.
No comments yet