Schroders Capital raises €2bn for sub-IG infrastructure debt strategy
Schroders Capital’s private debt and credit alternatives business has raised €2bn (approximately £1.7bn) in total commitments from third-party investors for its sub-investment grade (IG) infrastructure debt strategy.
It follows the final close of its Junior Infrastructure Debt Europe III fund (JULIE III) and includes co-investments alongside the fund.
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The fund, launched in 2017 and managed by Schroders Capital’s Infrastructure Debt team, is the fourth vintage in the firm’s sub-IG strategy series and focuses on the infrastructure mid-market across a range of sectors.
It predominantly targets brownfield assets in core European countries.
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The strategy has been backed by LPs globally including insurance companies, pension schemes, asset managers and sovereign wealth funds.
“The success of this latest fundraise is testament to the robust performance track record we have delivered for our investors, as well as our sector expertise in managing the strategy through all market environments since its inception,” said Jerome Neyroud, head of infrastructure debt at Schroders Capital.
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