Aberdeen approves €28.5m commitment

The UK asset manager has backed a Europe-focused fund.

Aberdeen Standard Investments made a commitment of €28.5 million to SL Capital Infrastructure II via its Aberdeen Diversified Income and Growth Trust plc.

The new fund will invest in a portfolio of projects predominantly in the utilities, transportation and energy sectors in Europe and is targeting a net return of 8%-10% per annum, with an attractive dividend yield.

Platinum subscribers may click here for the asset manager’s full profile, including key contacts, allocation strategy and fund investments.