John Bakie
Infrastructure debt isn’t immune from the turmoil in the wider market, but it does offer protection for investors.
The fund will look to finance infrastructure projects with a strong ESG angle across Europe.
The fund is the firm’s largest to date and hopes to take advantage of reduced appetite among banks to support leveraged financings.
The firm has swiftly begun raising its latest vehicle after closing its fifth fund on $1.5bn last year.
Investors remain underallocated to private credit despite growing average allocations to the asset class.
Fundraising has been tough so far in 2023, with the lowest haul since 2016.
The fund raised more than its predecessor and has already committed two-thirds of its capital to European mid-market companies.
A growing market for alternative lending is developing among sports leagues with multi-billion dollar financings attracting the eyes of credit managers
The firm will focus on providing structured credit for SMEs that are unable to access finance from traditional sources.
The fund hopes to benefit from less competition for private lending in the Asia-Pacific region.