Infranity, part of the Generali Investments’ ecosystem of asset management firms, has launched its new fourth-generation senior infrastructure debt strategy with €425 million ($465 million) of investor commitments. Infranity said several investors in the new fund were recurring investors from previous vintages.
Infranity closed the previous third-generation vintage with more than €1.6 billion ($1.8 billion) last summer, exceeding its initial target of €1.5 billion ($1.6 billion). In line with this predecessor fund, the fourth vintage is also targeting €1.5 billion ($1.6 billion) of committed capital, again making it one of the largest funds of its kind in Europe.
The fourth-generation infrastructure debt vehicle will be classified as SFDR Article 8 fund, and a minimum of 50 percent of the fund’s assets will qualify as sustainable in accordance with the SFDR.
The vehicle will have revised and improved financial and ESG objectives in line with attracti