Schroders Capital has raised €2 billion ($2.3 billion) for Junior Infrastructure Debt Europe III fund (Julie III), the firm’s latest sub-investment-grade infrastructure debt strategy, according to reports.
The capital raise includes €1.6 billion ($1.8 billion) of capital committed to the fund, alongside €400 million ($452 million) in co-investments and sidecar vehicles. The fund’s investor base includes insurance companies, pension schemes, asset managers, and sovereign wealth funds from Europe and beyond.
Julie III was launched at the end of 2022. The vehicle focuses on brownfield core assets in the European infrastructure middle market, with an emphasis on delivering diversified debt exposure across countries and sectors. Focus areas include water and energy companies, railways, renewable-energy portfolios, electricity grids, telecom, and roads. With an Article 8 designation under the Sustainable Finance Disclosure Regulation (SFDR) framework, Julie III als
