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Alternative Market Briefing

Schroders debt fund hits $1.18bn hard cap

Wednesday, July 21, 2021

Laxman Pai, Opalesque Asia:

Schroders Capital, the asset manager's private markets arm, has raised €1bn ($1.18bn) for its second infrastructure debt strategy.

The Schroder Euro Enhanced Infrastructure Debt Fund II (Julie II), which was launched last year, raised the capital from Asian and European investors.

The capital raise has significantly surpassed the €350m Schroders raised for the first vintage of the strategy, which was launched in 2017.

In January 2021, Schroders appointed Chantale Pelletier as Schroders' Global Head of Infrastructure to lead the growth and development of Schroders' infrastructure investment platform.

"Investor interest in Julie II has been exceptionally strong since this vintage was launched last year," said Chantale Pelletier, global head of infrastructure at Schroders Capital.

She added: "Opportunities in the infrastructure investment space are being driven by key megatrends and we continue to ensure we are well-positioned to support investors."

"Post Covid-19, infrastructure projects will form the basis of the world's economic recovery making it even more important for Schroders Capital to position itself as a local infrastructure specialist for our clients but on a global scale, with a global perspective," Chantale said.

The fund focuses on sub-investment-grade debt backed against mid-sized brownfield core assets and is intended to offer diversified exposure across countries and sectors.

Examples of these opportunities......................

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