Schroders Capital reaches €1bn hard cap fundraising target for European junior infrastructure debt fund

Schroders Capital has reached the €1bn hard cap fundraising target for the Schroders Euro Enhanced Infrastructure Debt Fund II (JULIE II).

The fund, which is managed by Schroders Capital’s specialist infrastructure team, was launched in Q3 2020 and invests in European sub-investment grade infrastructure debt opportunities. The fundraising has been evenly split between Asian and European investors.

Today’s news follows shortly after an update in June which confirmed that more than €700m had been raised. The fund is the second vintage of this strategy whose first fund (JULIE I) was launched in 2017, raising close to €350m. This was almost fully deployed within two years.

In January 2021, Schroders appointed Chantale Pelletier as Schroders’ Global Head of Infrastructure to lead the growth and development of Schroders’ infrastructure investment platform.

Chantale Pelletier, Global Head of Infrastructure, Schroders Capital, says: “Investor interest in JULIE II has been exceptionally strong since this vintage was launched last year. To reach the hard cap target of €1bn in a relatively short space of time is testament to the belief our investors have in the team’s ability to identify excellent investment opportunities and deliver robust returns.”

“Opportunities in the infrastructure investment space are being driven by key megatrends and we continue to ensure we are well positioned to support investors.

“Post Covid-19, infrastructure projects will form the basis of the world’s economic recovery making it even more important for Schroders Capital to position itself as a local infrastructure specialist for our clients but on a global scale, with a global perspective.”