After two years on the fundraising trail, Aviva Investors, the asset management arm of insurer Aviva, and Hadrian’s Wall Capital (HWC) have announced a first close for their innovative infrastructure debt fund, known as Aviva Investors Hadrian Capital Fund 1.
The partners did not disclose the total raised at first close, but Infrastructure Investor understands the fund has managed to raise some £160 million (€200 million; $251 million) from Aviva Life & Pensions UK, the European Investment Bank (EIB) and the Development Bank of Japan.
Hadrian’s Wall reaches first close on £160m
Aviva Life & Pensions UK, the EIB and the Development Bank of Japan have backed the debt fund’s first close. The Aviva/Hadrian’s Wall Capital vehicle is targeting £/€1bn to invest in low-risk infrastructure across the UK and Europe.
