Schroders Capital has raised more than €320 million ($347 million) after an initial round of closes of its Schroders Capital Junior Infrastructure Debt Europe III fund (Julie III). The fund attracted interest from Asian and European investors.
Julie III was launched at the end of 2022 and aims to invest in sub-investment-grade European infrastructure debt opportunities. The vehicle focuses on brownfield core assets in the European infrastructure mid-market, with an emphasis on delivering diversified debt exposure across countries and sectors. Focus areas include water and energy companies, railways, renewable-energy portfolios, electricity grids, telecom and roads. With an Article 8 designation under the SFDR regulatory framework, Julie III also integrates ESG factors into its investment process.
“The strong interest from our current investors demonstrates the quality of the strategy and the strength of investments realized,” said Chantale Pelletier, global head