Zak Bentley
The firm has already raised €500m from European investors and will now pitch the vehicle to Australian LPs.
The investment in a 5GW UK renewables portfolio is a first of its kind for MIDIS and it “definitely sees this as the first of more to come”, Tom van Rijsewijk tells Infrastructure Investor.
The French manager is already targeting the launch of its fifth instalment this year, with the fund 65% invested.
The Dutch firm has put London-based partner Paul Nash, who has been with DIF since 2008, in charge of the strategy.
The fund, targeting €600m, is ‘taking advantage of new market dynamics and sector opportunities’, according to LBPAM.
The expansion into junior debt by the French group could lead to the launch of a dedicated fund in the near future.
The asset management arm of Munich Re and ERGO Group has already collected €200m in a first close for the new fund.
Archmore Infrastructure Debt Platform II is almost double the size of its predecessor and is 20% invested.
The firm’s second debt fund has exceeded its €700m target following commitments from European and Asian LPs.
The firm has lured Macquarie Capital’s midstream MD Ed Winter, while appointing Guillaume Vandewalle to the debt team.