UBS Asset Management’s Real Estate & Private Markets (REPM) business has launched its second infrastructure debt fund, Archmore Infrastructure Debt Platform II (IDP II), with seed commitments from initial investors of more than €448.4 million ($551 million).
The strategy of this follow-on fund remains consistent with its predecessor, Archmore Infrastructure Debt Platform I, which is now 94 percent deployed and has a pipeline of new investment opportunities. IDP II will focus on private infrastructure debt opportunities in Western Europe, primarily through direct lending, aiming to take advantage of the continued capital supply/demand imbalance in the mid-size European infrastructure investment market, where borrowers are seeking alternative sources of capital.
The capital seeding IDP II comes from nine institutional investors, comprising a mix of insurance companies and pension funds spread across five European countries and Japan. More than 75 percent of these