Edifice Capital to target Eurozone infrastructure investment
Edifice Capital, the Paris-based asset management company set up by former Natixis executives, is to launch a real estate fund focusing on European infrastructure.
The fund, Edifice Infra Euro, is subject to regulatory approval from the French regulatory body, the AMF.
If approved, it will aim to benefit from the abundance of infrastructure-focused public private partnerships (PPPs) in the pipeline over the next two years.
PPP infrastructure deals cover a range of new developments small and large from swimming pools to prisons, stadiums, hospitals and motorways, Marie-Odile Schaad, chief executive of Edifice Capital, explained.
The principal countries the fund will invest in are France, Italy, Spain, Belgium and Germany.
Although Schaad conceded the financing of such projects has been slightly impacted by the Eurozone’s banking crisis, there are more PPP projects currently lined up than Edifice Capital can take on, she said.
The fund already has one confirmed investor, a real estate fund, bringing total commitments to €30m. It is also attracting interest from pension funds, family offices and institutions and Schaad hopes a total of €300m will be raised.
Edifice Capital was founded one year ago by Schaad and a team of former Natixis executives.
Schaad was formerly a business manager within Natixis. Nicolas Boudeville, previously director of Natixis’ Greenfield platform is now president of Edifice Capital and Guillaume Giner, former director within Natixis’ Environment & Infrastructure team is now in charge of development for Edifice Infra Euro.
The company is already active in Morocco, the Mediterranean, West and Central Africa, France and Luxembourg. The management team is currently reviewing more than 30 projects with a total value exceeding €8bn investments.