Infranity has launched its Enhanced Return Debt Fund (ERDF) and collected approximately €1.6 billion ($1.8 billion) in commitments, exceeding half its target.
ERDF will focus on senior-debt opportunities in the infrastructure sub investment-grade debt segment. The fund has received significant seed capital from Generali Group and strong support from recurring investors. The fund also attracted considerable interest from new sophisticated institutional investors, such as pension funds, sovereign wealth funds, insurance companies, and traditional investors in the asset class.
The fund will be classified under SFDR Article 8, with ambitious ESG objectives and a 50 percent allocation of the fund to climate solutions, with a focus on renewable-energy, low-carbon energy-transition projects, and essential digital and social infrastructure.
Infranity already has executed five seed assets for the fund with a total value representing approximately €310 million ($344 m