MEAG launches third infra debt fund

The fund will look to finance infrastructure projects with a strong ESG angle across Europe.

Germany-based asset manager MEAG has launched its third infrastructure debt fund, targeting between €750 million to €800 million.

MEAG Infrastructure Debt Fund III is currently in its subscription phase and is structured as an SCSp SICAV-RAIF in Luxembourg. It will also promote ESG in line with Article 8 of the EU’s SFDR.

It will focus on investing in senior secured infrastructure debt in Europe across the transport, social, communication, energy and clean tech sectors, which MEAG said have strong demand for finance and offer good long-term investment opportunities.

Thomas Bayerl, managing director in charge of illiquid assets at MEAG, said: “The environment in the infrastructure debt market currently offers ideal conditions to us as an experienced active manager. Higher interest rates and illiquidity premiums lead to very attractive coupons, and integrating more mega-trends into a portfolio gives it additional resilience and more investment options.”

The vehicle will follow a similar strategy to its predecessor funds, which launched in 2019 and 2021 and raised almost €1.7 billion between them.