MEAG, the asset manager of Munich Re Group, has secured a mandate from a major Dutch pension fund to invest €1 billion ($1.1 billion) in infrastructure debt assets.
It includes the build-up of a diversified portfolio of infrastructure debt investments in Western Europe, encompassing a broad range of sectors such as renewable energy, transport, telecommunications and social infrastructure.
This mandate builds on MEAG’s infrastructure debt portfolio with more than €12 billion ($14 billion) from institutional clients during the past 11 years.
“This mandate demonstrates that pension investors increasingly recognize the value of infrastructure debt in delivering attractive, risk-adjusted returns and its ideal characteristics for meeting asset-liability management requirements,” said Thomas Bayerl, board member and global head of illiquid assets at MEAG. “The highly disciplined and cautious investment process we have established for our investors is ideall
