Right idea, wrong time

Just too late for the latest issue of Private Debt Investor, which incidentally features a special feature on infrastructure debt, comes the news today that Hadrian’s Wall is to wind up.

Our esteemed colleagues at Infrastructure Investor today report that the firm’s maiden vehicle, Aviva Investors Hadrian Capital Fund 1, is to return all the capital committed by its investors having failed to complete a deal.

“Due to the shortage of investment opportunities, the current competitive environment, falling interest rates and tightening credit spreads, I did not feel the fund would be able to deliver its targeted returns to investors.