Swiss Life Asset Managers successfully started raising capital for its third core infrastructure fund, Swiss Life Funds (LUX) Global Infrastructure Opportunities III (SLFL GIO III), with a first closing at the end of October 2019. The fund raised capital commitments in the amount of EUR 825 million (US$ 912.81 million) and with that has raised slightly more than 50% of its target amount of EUR 1.6 billion (US$ 1.77 billion). In addition to the Swiss Life Group, several other institutional investors have participated in the first closing. The fund will be raising further capital over the next 18 months.

The 25-year fund focuses on direct core infrastructure investments in Europe and North America covering regulated networks, transport, energy, renewable energy, telecommunications, and social infrastructure sectors.