Schroders has raised €532 million ($631 million) for its European sub-investment-grade infrastructure debt fund, surpassing its original target of €500 million ($593 million).
In July 2020, the vehicle, known as Schroder Euro Enhanced Infrastructure Debt Fund II (Julie II), held its first closing, bringing in €312 million ($370 million) in capital commitments. The first close saw many returning investors from the first fund, particularly insurance companies. The investor base was geographically located in Asia and Europe.
Schroders is seeking to raise €750 million ($890 million) for Julie II. The firm will use the capital to invest in mid-sized brownfield core assets based in Europe, such as water and energy companies, railways, renewable energy portfolios, electricity grids and roads. Schroders said the fund integrates ESG factors into its in
