Schroders Capital has reached its €1bn fundraising target for its latest European infrastructure debt fund.
The Schroder Euro Enhanced Infrastructure Debt Fund II (JULIE II), which was launched last year, raised the capital from Asian and European investors.
IPE Real Assets reported in May that the fund had raised about €740m since holding a first close last year.
The fund focuses on sub-investment-grade debt backed against mid-sized brownfield core assets and is intended to offer diversified exposure across countries and sectors.
Augustin Segard, head of enhanced infrastructure debt at Schroders Capital, said: “The sub-investment-grade infrastructure debt space boasts significant opportunities for investors. Our focus is dedicated to successfully deploying the capital raised to deliver on the extensive support our investors have shown in us.”
In January 2021, Schroders appointed Chantale Pelletier as global head of infrastructure to lead the development of its infrastructure platform.
“Investor interest in JULIE II has been exceptionally strong since this vintage was launched last year,” said Pelletier.
“Opportunities in the infrastructure investment space are being driven by key megatrends and we continue to ensure we are well positioned to support investors.
“Post-COVID-19, infrastructure projects will form the basis of the world’s economic recovery, making it even more important for Schroders Capital to position itself as a local infrastructure specialist for our clients but on a global scale, with a global perspective.”
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