At a glance
- The final close met its target and included commitments to the fund's co-investment vehicles.
- Commitments came from institutional investors, including a significant number of re-ups from long-term existing investors, according to IREI.
- Vintage 4 is closed to new commitments, and chief executive and managing partner Philippe Benaroya said Infranity is preparing the next vintage.
Infranity closed the fourth vintage of its senior infrastructure debt strategy at €1.5 billion ($1.7 billion), Alternative Credit Investor reported. The final close met its target and included commitments to the fund's co-investment vehicles.
Commitments came from institutional investors, including a significant number of re-ups from long-term existing investors, according to IREI. The previous vintage closed in 2023, Alternative Credit Investor reported.
Vintage 4 is closed to new commitments, and chief executive and managing partner Philippe Benaroya said Infranity is preparing the next vintage. He said the next vehicle will let investors benefit from "attractive market conditions, including higher margins and enhanced illiquidity premia."
Infranity said the new fund has already made 16 investments in the European infrastructure market. The investments span the energy transition, digital transformation, decarbonised mobility, environmental infrastructure, and the waste and water sectors. Earlier this month, Infranity anchored a €700 million financing for Pure Data Centres, as Private Wealth Daily previously reported.
The senior investment-grade strategy had raised more than €6.65 billion ($7.4 billion) as of October, IREI reported. Alternative Credit Investor puts Infranity's total assets at around €15 billion. The manager is part of Generali Investments.
Reported by the Fundraising desk from IREI and Alternative Credit Investor. Published . Corrections