BNP Paribas Asset Management Alts (BNPP AM Alts), the largest alternatives asset manager in Europe, has raised approximately €1.2 billion ($1.4 billion) in capital commitments at the final close of its second European junior infrastructure debt strategy.
The strategy, which exceeded its original fundraising target, was backed by a mixture of European and Asian investors, including re-upers and new investors. BNPP AM Alts said the final closing demonstrates strong underlying demand from institutional investors for specialized infrastructure debt strategies aiming to offer a strong cash yield, attractive illiquidity premiums (compared with corporate bonds), and exposure to Europe’s energy transition and digital infrastructure boom.
European Junior Infra Debt Fund II seeks to provide investors with defensive and stable income from senior and junior secured fixed and floating rate debt investments spanning the renewable energy, utilities, digital infrastructure, clean
