Zencap AM reaches first closing for Zencap Infra Debt 2
Zencap Asset Management, an asset manager whose investment focus lies in European unlisted debt, has launched Zencap Infra Debt 2, attracting a total commitment of €236 million (US$265 million) for its first closing from four institutional investors in the insurance sector.
The new vehicle, a French FCT, will invest through Natixis’ infrastructure platform, which provides access to infrastructure debt and bespoke servicing on each investment up until maturity.
The vehicle complies with the requirements of French Fonds de Prêts à l’Économie. The strategy offered by the fund provides institutional investors with portfolio diversification and commitment to sustainable development through investment in various sectors such as social infrastructure, utilities, renewable energy, transportation, and waste and water processing.
Recently, we reported the first close of several funds. Macquarie Infrastructure and Real Assets (MIRA) announced the first and final close of its latest infrastructure fund, Macquarie European Infrastructure Fund 5 (MEIF5). The fund closed with €4 billion (US$4.5 billion) of investor commitments. Kerogen Capital announced the closing of Kerogen Energy Fund II, L.P. together with its parallel funds and related co-investment funds, with total capital commitments of US$830 million.
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September 14, 2016
Ferrovial places a 500 million euro 6-year bond at a 0.375% coupon
Taking advantage of the current market conditions with low interest rates, Ferrovial has successfully priced a €500 million (US$562 million) 6-year senior bond. Read more -
August 29, 2016
Eiffage strengthens its international position by the acquisition of the Chris Vuylsteke group in the Benelux
Eiffage has announced it is to acquire, via Eiffage Benelux, a subsidiary of its Construction branch, the Chris Vuylsteke group, a company specialized in construction and property development based in Meulebeke, West Flanders (Belgium). Read more -
August 26, 2016
CNP Assurances and Meridiam close Meridiam transition fund
CNP Assurances, a French insurance corporation and Meridiam, a global investor and asset manager based in Paris, have announced the closing of the Meridiam Transition fund, focused in the energy transition. Read more -
August 24, 2016
InfraRed to sell 42% in A63 motorway concession in France
Atlandes has a concession for the section of the A63 Highway between the towns of Salles and Saint-Geours-de-Maremne. Other shareholders in the asset include DIF Infrastructure, NGE Concessions and Egis Investment Partners France. Read more -
August 22, 2016
Refinancing announced for A28 highway concession in France
Alis strengthens its financial structure by achieving a market first: the early redemption of a wrapped bond and its refinancing by the issue of non-wrapped, non-recourse bonds. Read more
