Italian doctors’ scheme Enpam plans to invest up to €300m in infrastructure funds with a focus on Europe

The €25bn pension fund said it is planning to select alternative investment funds for diversified investments in the energy, utilities, transportation, telecommunications, and logistics infrastructure sub-sectors.

Enpam is seeking to select infrastructure funds managed by managers with at least €3bn in assets under management. The infrastructure funds should have a gross asset value target of at least €1bn, it said.

Enpam said it expects to target direct investment in closed-ended infrastructure funds, bypassing allocations to funds-of-funds and debt-credit funds.

The pension fund targets 30% of its total assets to be invested in real assets, including 28% in real estate in Italy and abroad, and 2% in infrastructure.

Enpam’s board also approved up to a €200m commitment to Macquarie European Infrastructure Fund 7 ( MEIF7) and up to €100m commitment to the Igneo Infrastructure Partners-managed European Diversified Infrastructure Fund III fund.

Earlier this week, Macquarie Asset Management said it had raised over €8bn for  MEIF7, its latest European infrastructure fund.

To read the latest IPE Real Assets magazine click here