Azimut has launched a new closed-end investment fund Infrastructure for Growth-ESG (IPC) set up at Azimut Libera Impresa SGR. It is the first investment fund with an impact on infrastructures that generate positive growth on the economy, the environment and respect high standards of social, environmental, and governance sustainability.

The fund has a funding target of EUR 1 billion (US$ 1.08 billion), will have a duration of 14 years and it is reserved for institutional investors such as pension funds, health funds, insurance and Foundations.

The Infrastructure fund for Growth is dedicated to investments in the social infrastructure sector, which constitute a great opportunity for investors with very interesting returns and risk contained in an epochal transformation phase, with an impact investing approach, to help meet the needs of the community, investors and the country, supporting the economic growth and social well-being of people at all stages of life, facing and preventing major structural changes deriving from social, technological transformation, globalization and climate and environmental changes.

The fund will invest, also through major urban regeneration interventions, in four types of social infrastructure: the so-called White & Silver economy and well-being with medical facilities, assistance for the elderly, rehabilitation and spa  facilities; structures relating to new forms of living, such as student housing and senior housing; structures dedicated to young people, such as schools, training centers, laboratories, educational parks and new generation work structures; finally in the field of environment and society, the investment targets will be related to the water and waste cycle, sports facilities, civic structures, such as courts, prisons and barracks to be redeveloped, logistic structures and sustainable mobility but also the digital infrastructures such as data centers and technological infrastructures.