Aviva Investors has expanded its product offering with the launch of the Aviva Investors European Infrastructure Debt fund.
The fund invests in Euro-denominated subordinated infrastructure bonds and is jointly managed by Florent Del Picchia (Paris) and Sarah Wall (London).
It has already received commitments from five European insurance companies in its launch phase. It can invest in different sectors, including electricity and heat, renewable energy, utilities, social infrastructure and transport.
Florent del Picchia, fund manager Infrastructure & Renewable Energy at Aviva Investors, said: “Our fund enables investors to diversify their loan portfolios and to participate in infrastructure bonds in different sectors and countries with an attractive risk-adjusted return. The fund’s circulation reflects the continued demand of investors for this asset class. ”
The fund is the second implementation of Aviva Investors’ Infrastructure bonding strategy, the first fund of which has already been closed and fully invested with €450m in investor commitments.