La Banque Postale Asset Management (LBPAM) has announced that it has raised €500 million from investors for its first infrastructure debt fund. The investors are mainly insurance companies and institutional investors.The debt fund has reached the first close milestone but it will continue to raise funds from investors for a period of nine months. At the same time the fund will start to invest in attractive opportunities of the industry.The debt fund assets will fall into two categories: infrastructure (social infrastructure, transport, utilities, environment) and real estate (offices, retail, residential, logistics). Investments will be made on the primary and secondary European senior debt markets, mainly in Western Europe.LBPAM started this new business in June 2012 with the recruitment of a team 4 experts including 3 experienced managers. LBPAM got on 18 September 2012, AMF's approval, to extend its program of activities to the management of debt funds. The new team will report to Cornet Vincent, LBPAM Chief Investment Officer.The new team will consist of:- René Kassis, Managing Director, Head of debt funds- Pierre Saeli, Manager specializing in real estate debt,- Pierre Bonnet, Manager specializing in debt infrastructure,- Irene and Orgeval, Chief Operating Officer.Source: La Banque Postale Asset Management