Infranity has closed the fourth vintage of its senior European infrastructure debt strategy at its €1.5bn target.
The infrastructure investment arm of Generali Investments said the latest fund and its co-investment vehicles were backed by institutional investors, including a significant number of re-ups from existing backers.
The strategy, which provides financing across energy transition, digital infrastructure, decarbonised mobility and environmental assets in Europe, is already in advanced deployment with 16 investments completed, the manager said, adding that it is now preparing to launch the fifth vintage of the flagship strategy.
Infranity’s third-generation vintage previously raised over €1.6bn in capital commitments, exceeding its initial €1.5bn target.
Philippe Benaroya, CEO and managing partner of Infranity, said: “The successful closing of the fourth vintage and its co-investment vehicles at its €1.5bn target demonstrates the strength of Infranity’s European infrastructure debt platform. It reflects both our sustained deployment momentum and the continued confidence of our investors, including many existing investors who renewed their commitments.
“We are now preparing the next vintage of our flagship strategy, which we believe will enable investors to benefit from attractive market conditions, including higher margins and enhanced illiquidity premia.”
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