BNP Paribas Asset Management Alts, an alternative asset manager in Europe and a global leader with €300 billion ($345 billion) in assets under management, has announced, through its PRIME unit , the final close of Prime Diversified Infrastructure Fund I (PDIF I), the first BNPP AM Alts fund dedicated to investments in infrastructure secondaries.
PDIF I closed with $722 million of investor capital, reflecting the growing demand for this strategy and for BNPP AM Alts’ differentiated approach to sourcing transactions. PDIF I’s investors base is composed of a diverse group of institutional investors, including insurance companies and pension funds across Europe, Asia Pacific and North America.
BNPP AM Alts’ €33.5 billion ($39 billion) infrastructure platform is diversified and multi-disciplined, providing access to attractive global and European opportunities through direct and secondaries investments. Through its infrastructure secondaries strategy, the team inv