1.5 billion euro fund in Europe – Corriere.it

Infranity accelerates on renewables with a 1.5 billion bet. The asset management company – part of Generali Investments and specialized in investments in sustainable infrastructures – such as wind and solar plants, has launched its fourth fund which aims to raise one and a half billion to be transferred to renewable energy plants in Europe. Leveraging the current favorable market conditions – reads a note – the vehicle is expected to offer investors attractive gross margins all in and higher illiquidity premiums, i.e. the extra remuneration that rewards investors for holding assets that are not easily convertible into liquidity. In addition to this operation, the former Generali Global Infrastructure (the name change took place in June 2022, from the crasis between infrastructure and humanity) closed another fund, this time the third generation of its Senior Infrastructure Debt strategy, largely exceeding the funding target: over 1.6 billion euros, against the 1.5 billion euros foreseen. The fund was launched in the second half of 2021 and has already invested over 80% of the capital raised, building a diversified and optimized portfolio in accordance with Solvency II principles through 19 investments.

Since its inception in 2018, by Philippe Benaroya, Alban de La Selle and Gilles Lengaigne (still shareholders), the fund company boasts a track record with more than 70 investments in Europe for a volume of over 7 billion euros. The assets managed, on the other hand, exceed 8 billion euros and in Italy it has financed around one billion in the last three years in TLC and renewable infrastructures. The company caters to a wide range of over 40 limited partnerships (companies incorporated under Anglo-Saxon law, such as private equity funds and hedge funds) in Europe, Asia and North America; operates by investing but without entering equity and with return objectives. We are very satisfied with the closure of the third generation of our Senior Debt strategy – said Philippe Benaroya, CEO and managing partner of Infranity -. Infranity was able to successfully close its flagship fund, exceeding its original target with more than €1.6 billion in investor commitments. This underscores Infranity’s world-class capabilities in infrastructure debt in Europe, demonstrates the strong pace of implementation, and highlights our company’s attractive product offering. We are grateful for the trust that our many investors have placed in us – continued Benaroya – and we intend to offer them soon a new vintage of our flagship product dedicated to senior infrastructure debt, so that they can benefit from attractive market conditions with higher margins and higher illiquidity premiums.