Edmond de Rothschild prepares next infra debt fund

Edmond de Rothschild, Asset Management, ESG, infrastructure, debt, fund

Edmond de Rothschild Asset Management has closed the fifth vintage of its ESG-focused BRIDGE infrastructure debt fund after raising €2.5 billion, preparing to launch a sixth.

The amount raised by the Swiss asset manager, including €1.9 billion in its Senior Debt strategy and €600 million for its Yield Plus strategy, is twice the €1.25 billion record amount set by its predecessor BRIDGE IV.

The latest investment yields reached 5.5-6.25% and 7-9+% for the Senior and Yield Plus strategies.

BRIDGE made 30 investments diversified across countries, sectors and brownfield/greenfield assets in 2022, compared with 20 in 2021.

Integration of ESG into BRIDGE has been led by Jean-Francis Dusch, global head of infrastructure and structured finance, and has seen the platform report its carbon emissions for each asset.

The BRIDGE-V Senior and Yield Plus strategies are classified as Article 8 under the EU's SFDR regulation introduced in 2021.

Edmond de Rothschild is launching its sixth infrastructure debt vintage to build on the success of the platform and meet continued investor appetite.

The sixth fund will capitalise and expand its senior investment grade and higher-yielding Yield+ strategies in Europe.

BRIDGE infrastructure debt platform has raised more than €5 billion since launching its first close in August 2014.

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