Infranity has launched a €370m infrastructure debt fund with its parent Generali Group and an unnamed international investor.

The vehicle will invest in senior investment-grade debt backed against renewable-energy and digital-transition assets in Europe.

Infranity was founded by partners Philippe Benaroya, Alban de La Selle and Gilles Lengaigne as part of a strategic partnership with the Generali Group. Since 2018, it has invested in more than 60 transactions with total investment volume of €6bn.

The new fund follows a previous senior debt funds established in 2021 and 2019.

Philippe Benaroya, CEO and managing partner of Infranity, said: “We are delighted with the launch of this new dedicated fund together with Generali and a high-profile international client.

“It highlights Infranity’s leading infrastructure debt capability in Europe. Our accelerated growth path confirms the solid foundations upon which Infranity has built its business. We are extremely focused on keeping up the high levels of illiquidity premium that we have been able to source in a dynamic market that presents dozens of deals to us every month.

“The support of the Generali Group, one of the largest European insurance and asset management companies, brings a strong alignment with our investors and scale to our business. Leveraging our highly specialised expertise, we are looking forward to further developing our debt as well as our equity businesses in 2023.”