BNP Paribas Asset Management has launched two new infrastructure debt funds. These include the BNP Paribas European Infrastructure Debt Fund II, targeting €500 million ($605 million); and BNP Paribas European Junior Infrastructure Debt Fund I, targeting €300 to €500 million ($363 million to $605 million).
Both funds will be diversified across sectors and will follow a rigorous ESG policy, according to BNP Paribas.
“Infrastructure assets have shown strong resilience in recent months, given the central role of the services that they offer, such as power generation, water treatment or high-speed internet access,” said Karen Azoulay, head of infrastructure debt at BNP Paribas. “Investors seeking exposure to assets that can weather economic turbulence and crises such as COVID-19 appreciate that infrastructure debt is able to generate stable cash flows over the long term throughout the economic cycle.”
BNP Paribas European Infrastructure Debt Fund II fol
