Swiss Life Asset Managers' new value-add infrastructure fund has raised capital commitments exceeding €560 mln in its first close.
Launched in May 2023, Swiss Life Funds (LUX) ESG Global Infrastructure Opportunities Growth II attracted investments from both existing and new clients, putting it well on track to reach its target size of €1 bn.
This fund will focus on control and co-control investments in attractive, small-to-mid-market infrastructure assets with value creation potential across OECD markets.
It specifically targets investments benefiting from long-term trends such as decarbonization, digitalization, new mobility, shifting logistics chains, circular economy, and an aging population.
Classified as an Article 8 fund under the European Sustainable Finance Disclosure Regulation (SFDR), the fund integrates ESG considerations into its investment processes for real assets.
Gianfranco Saladino, head of value-add investments at Swiss Life Asset Managers commented: ‘We are excited to be launching our second value-add infrastructure fund in an attractive market environment for value-add infrastructure. Many of the generational mega-trends we observe continue to accelerate, offering compelling investment opportunities for our clients. Focusing on hands-on operational and financial value creation is becoming increasingly important to create value across our portfolio companies.’
As of 30 September, Swiss Life Asset Managers managed over €10 bn in committed capital across various infrastructure funds.