MEAG achieves EUR200 million first close of infrastructure debt fund
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MEAG, the asset manager of Munich Re and ERGO, has announced that it has concluded the first closing of the MEAG Infrastructure Debt Fund Sub-Fund 1. The volume of funds committed by investors, so far, amounts to more than EUR200 million (US$227.8 million).
The company has now opened a second round of funding, aiming to raise EUR500 million (US$) in total. The target duration will be more than ten years in the launching phase. The first concrete debt project will be implemented in January 2019.
The regulated closed-end MEAG Infrastructure Debt Fund SCS SICAV-FIS platform is targeted to institutional investors and has been launched on the Luxembourg platform by Universal-Investment, a private investment manager based in Frankfurt.
