UBS Asset Management's (UBS-AM) Real Estate & Private Markets (REPM) business has raised over EUR 850 million (US$ 967 million)for its second European infrastructure debt fund, Archmore Infrastructure Debt Platform II (IDP II), surpassing the EUR700 million (US$ 796.41 million) set target within six months of its launch. The fund will remain open till year-end with a hard cap of EUR1 Billion (US$ 1.137 Billion).

IDP II targets private infrastructure debt opportunities of medium size in Western Europe, primarily through direct lending on senior secured projects, where it currently sees the most attractive risk-reward proposition. The asset class generates a stable income from defensive assets providing diversification to institutional investors' portfolios, as well as the capital efficient treatment it benefits from under Solvency II.

Closure of Archmore Infrastructure Debt Platform I (IDP I) in September 2016, paved way for IDP II with a strong pipeline of attracting new investments. Real Estate & Private Markets (REPM)'s European infrastructure debt platform has already invested in 14 transactions with operations spread across 13 countries, building a strong track record of returns, in excess of 3.8 percent gross IRR