Swiss Life Asset Managers has raised an initial €560m for its second value-add infrastructure fund and is well on its way to reaching its €1bn target.

The fund manager said Swiss Life Funds LUX ESG Global Infrastructure Opportunities (GIO) Growth II, which started fundraising in May 2023, received the capital commitments from existing and new clients. 

GIO Growth II, categorised as an Article 8 product under the EU Sustainable Finance Disclosure Regulation, will offer access to control and co-control investments in small-to-mid-market value-add infrastructure assets with value creation potential across OECD markets.

Gianfranco Saladino, head of value-add investments at Swiss Life Asset Managers, said: “We are excited to be launching our second value-add infrastructure fund in an attractive market environment for value-add infrastructure.

“Many of the generational mega-trends we observe continue to accelerate, offering compelling investment opportunities for our clients. Focusing on hands-on operational and financial value creation is becoming increasingly important to create value across our portfolio companies.”

GIO Growth II succeeds Swiss Life’s debut value-add fund which raised €792m.

To read the latest IPE Real Assets magazine click here.