Whitehelm Capital has raised €500 million ($539 million) in a first close for its Whitehelm Capital Infrastructure Debt Partners I, meeting its fundraising target.
Whitehelm has already disclosed the first two investments for the fund, which include a utility and a broadcast infrastructure business. The infrastructure debt fund is expected to complete a final close by the summer of 2020.
“We see increasing interest from investors in defensive, yet attractively yielding, strategies with proven track-records and stable, long-standing investment teams, as is the case with our infrastructure debt investment strategy,” said Alexander Waller, head of infrastructure debt, at Whitehelm. “Through the cycle, we expect high-yielding infrastructure debt to deliver very attractive risk-adjusted returns, providing a rare combination of strong cash returns and insulation against future volatility.”
Whitehelm’s strategy is to invest in debt issued by defensive, nonc