German bank Helaba Landesbank Hessen-Thüringen has established a new debt fund platform, HLB Private Markets in Luxembourg, and launched Infrastructure Debt Fund I with a large Canadian institutional investor.
Infrastructure Debt Fund I, the first of a series of debt funds with target volumes of €200 million to €500 million ($215 million to $537 million), achieved its first closing, according to Helaba. The total initial capital commitment was in the triple-digit million range.
Helaba’s infrastructure debt strategy provides investors with tailor-made debt fund solutions, with investment ranging from digital infrastructure to renewable energy, such as wind and solar, to land transport assets.
The debt fund is a subfund of HLB Private Markets. This first infrastructure debt fund marks the advent of a series of closed-end debt funds that invest into direct loans originated by Helaba. In the future, Helaba plans to offer a wider range of investment strategies