French insurance giant AXA has announced a major drive in the infrastructure debt market and has appointed AXA Real Estate to source and manage the investments.
French insurance giant AXA has announced a major drive in the infrastructure debt market and has appointed AXA Real Estate to source and manage the investments.
AXA has committed to invest €10 bn in infrastructure debt over the next five years.
To manage the process, AXA Real Estate has begun building up a dedicated team of infrastructure professionals, headed by Charles Dupont.
Dupont has over 15 years of experience in infrastructure markets, both within the private equity side, as well as with major operating infrastructure businesses. He will report to Isabelle Scemama, who is AXA Real Estate’s head of Real Asset Finance.
AXA Real Estate is already the largest investment manager in commercial real estate debt, with a €7 bn debt platform.
On behalf of AXA, AXA Real Estate aims to underwrite infrastructure loans of up to €500 mln backed by assets located in established global economies, with a primary focus on core European economies. AXA Real Estate has already identified a strong pipeline of potential investments.
