BNP Paribas Asset Management (‘BNPP AM’) announces the launch of two new infrastructure debt funds: BNP Paribas European Infrastructure Debt Fund II, which will target EUR 500 million and BNP Paribas European Junior Infrastructure Debt Fund I, which will target EUR 300-500 million.
Both funds will be diversified across sectors and will adhere to a rigorous ESG policy in accordance with analysis provided by BNPP AM’s Sustainability Centre. In order to build sustainable portfolios with high quality ESG client reporting, the management team will use independently-provided impact studies, enabling them to assess avoided greenhouse gas emissions, net environmental contribution and alignment with the goals of the Paris Climate Agreement.
BNP Paribas European Infrastructure Debt Fund II follows the success of a first senior debt fund launched in late 2017, which raised assets of EUR 474 million and is currently at the end of its investment period. The fund has had a strong focus on the digital infrastructure and renewable energy sectors, which have been particularly resilient in the current economic environment. It attracted 14 institutional investors from the UK, Ireland, France, Belgium and Italy.
BNP Paribas European Junior Infrastructure Debt Fund I will benefit from the experience gained through an exclusive partnership with an Asian investor. Investments will be in European non-investment grade infrastructure debt offering stable and predictable cash flows.
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