Edmond de Rothschild Asset Management has announced the close of the fifth iteration of its infrastructure debt fund (BRIDGE V) at EUR2.5 billion (US$2,738 million) while simultaneously launching the next BRIDGE VI. 

The Benjamin de Rothschild Infrastructure Debt Generation Fund (BRIDGE VI) has a target size of EUR1 billion(US$1,095 million) and aims to invest in infrastructure debt projects across Europe, Asia, and the Americas. The fund will primarily focus on the transport, energy, social infrastructure, and telecom sectors. The target return for investors is around 4% to 5% per annum. The fund is managed by the group's investment management arm, Edmond de Rothschild Asset Management. This new fund follows the success of the group's previous infrastructure debt funds, which have raised a total of EUR2.2 billion (US$2,410 million) since 2013.