Schroders announced that it has raised EUR 532 million (US$ 635.63 million) for the Schroder Euro Enhanced Infrastructure Debt Fund II (Julie II), following a successful first close which raised EUR 312 million (US$ 372.77 million).

Julie II focuses on mid-sized brownfield core assets based in Europe, with a focus on delivering diversified debt exposure across countries and sectors. These entail assets that provide essential services, are capital intensive with high barriers to entry, have a long economic life, deliver long-term cash flows, benefit from regulated markets and have low technological risk.

Examples of these opportunities include water and energy companies, railways, renewable energy portfolios, electricity grids and roads. The fund also integrates environmental, social and corporate governance (ESG) factors into its investment process.