MEAG reaches EUR660m second close for infrastructure debt fund
MUNICH ERGO Asset Management (MEAG) completed the second closing of the MEAG infrastructure debt fund Sub-Fund 1 at EUR660 million (US$736.40 million) investment.
A large majority of the subscribers to the regulated MEAG Infrastructure Debt Fund S.C.S. SICAV-FIS special fund, which invests in leveraged infrastructure, are insurance companies and pension funds. Two-thirds of the investors are from Germany and one-third from the rest of Europe. The fund was issued using the Luxembourg platform of Universal-Investment and offers broadly diversified investments with an optimized risk/return profile for this asset class.
The targeted duration of the issue phase is to be more than ten years. Around half of the amount raised in the first closing has already been invested in the market.
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