Schroders has collected €739.5 million ($887 million) for its Schroder Euro Enhanced Infrastructure Debt Fund II (Julie II), bringing the fund closer to its hard cap target of €1 billion ($1.2 billion).
Julie II, which is managed by Schroder Aida, is the second vintage of this strategy following the launch of Julie in 2017 for nearly €350 million ($420 million). This was almost fully deployed within two years.
Julie II was launched in the third quarter of 2020 and aims to invest in European sub-investment-grade infrastructure debt opportunities. The fund will focus on mid-sized brownfield core assets based in Europe, including water and energy companies, railways, renewable-energy portfolios, electricity grids and roads.
“The high demand we have seen for the fund is also further evidence to support our investment philosophy that there are many attractive investment opportunities in the sub-investment grade infrastructure debt space,” said Augustin Sega