LBP AM European Private Markets has secured €500m for its infrastructure debt climate fund.
The manager said the LBPAM Infrastructure Debt Climate Impact Fund, which reached its initial fundraising target, attracted strong interest from institutional investors.
The fund will target low-carbon or decarbonising infrastructure that contributes to climate change mitigation – the primary objective of the EU taxonomy – “with the aim of aligning 70% of the portfolio with the European taxonomy by the end of the investment period”, the manager said.
Bérénice Arbona, head of infrastructure debt, LBP AM European Private Markets, said: “As Europe’s first climate impact infrastructure debt fund, this strategy has attracted subscribers from previous years and attracted new institutional investors, who accounted for 29% of the total fundraising.
“It illustrates our ability to design innovative financial solutions based on a proven ESG methodology and rigorous impact indicator monitoring tools, particularly for climate impact.”
LBP AM European Private Markets is a subsidiary of LBP AM, a sustainable finance specialist owned by La Banque Postale with a 75% stake and Aegon Asset Management holding a 25% interest.
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