Edmond de Rothschild Asset Management has so far raised more than €1.2bn for its latest infrastructure debt platform.
The manager said the Benjamin de Rothschild Infrastructure Debt Generation (BRIDGE) V fund, which is still fundraising, is already expected to exceed its predecessor BRIDGE IV which closed with €1.25bn in February last year.
The BRIDGE platform’s core investors base originates from Germany, France, Belgium, Switzerland, Spain, Italy, Austria, Slovakia, South Korea, the manager said.
Jean-Francis Dusch, global head of infrastructure and structured finance at Edmond de Rothschild Asset Management, said: “Some leading European insurance companies have reconfirmed their confidence and satisfaction with the BRIDGE platform, investing significant amounts as core investors in 2021 for BRIDGE V.”
BRIDGE V is composed of two strategies, one investing in senior solvency 2 infrastructure eligible assets and the other in the yield plus space. BRIDGE V raised €900m for senior-secured debt and €300m for its “yield-plus” strategy.
The manager said BRIDGE, invests across all sectors, has already committed €600m across 14 assets as of 30 September 2021. The platform has historically invested across Europe with some outside of Europe OECD countries assets invested on a case by case basis.
Dusch said the 77-assets BRIDGE platform “resisted well to COVID demonstrating the teams ability to negotiate and structure robust debt instruments to also support the long term sustainability of the assets it invests in.”
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