Publications

UBS Asset Management holds €1b final close for second European infrastructure debt fund
Fundraising - JANUARY 11, 2019

UBS Asset Management holds €1b final close for second European infrastructure debt fund

by Jody Barhanovich

UBS Asset Management's Real Estate & Private Markets business has held the final close of its second European infrastructure debt fund, Archmore Infrastructure Debt Platform II, which has raised a total of €1 billion ($1.14 billion), exceeding its original €700 million ($803 million) equity fundraising target.

The capital has been raised from 48 limited partners, comprising a mix of pension funds and insurance companies from 10 different countries across Europe and Asia. The fundraising experienced a more than 70 percent re-up rate from investors in IDP II’s predecessor, Archmore Infrastructure Debt Platform I, which completed its final investments in 2018. IDP I is fully deployed across a diversified portfolio of infrastructure financings.

Similarly, IDP II will look to take advantage of the continued capital supply/demand imbalance in the mid-size European infrastructure financing market and focus on private senior secured infrastructure debt opportunities, primarily through direct lending, where it sees the most attractive risk-adjusted yield potential. Since its launch in March 2018, IDP II has committed more than 20 percent of capital raised to four senior infrastructure financing transactions.

REPM’s European infrastructure debt platform now totals €1.6 billion ($1.83 billion) in committed capital across the two iterations of the Archmore European IDP fund series and has invested in 16 transactions with operations spread across 11 countries during the past four years. REPM’s wider infrastructure business, comprising both debt and equity strategies for direct investments, has more than $4.5 billion in funds under management.

Forgot your username or password?