Record Asset Management’s (RAM) APG-backed infrastructure equity fund has secured €160m in additional capital commitments from Swiss pension funds.
The latest inflow increases the fund’s total commitments to approximately €1.23bn, with more than a third of the initial capital already deployed or committed to investments.
This latest fundraising round has doubled the number of participating Swiss pension schemes, which has grown from four at launch to eight.
RAM’s dedicated infrastructure co-investment vehicle, run in partnership with Dutch pension ABP’s manager APG, offers Swiss pension funds access to large-scale equity investments alongside APG’s partners.
Since launch, the fund has invested in a portfolio of essential infrastructure assets across Europe and North America, including TenneT Germany, which owns approximately half of the country’s high-voltage electricity grid; Pattern Energy, a North American renewable energy and transmission infrastructure platform; and NorthC, a North-West European colocation data centre platform.
Jan Hendrik Witte, CEO of RAM’s parent Record Financial Group, said: “The €160m of additional capital secured by the fund is a strong endorsement of both our investment approach and our execution capabilities. The combination of successful capital deployment, increased commitments, and a growing institutional investor base demonstrates the momentum we are building across our private markets platform.
“We continue to see significant opportunities within infrastructure and remain focused on delivering attractive long-term outcomes for our clients.”
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