MEAG raises €660m

Munich Re's and ERGO's asset management arm raises first-time debt fund.

MEAG has held a final close of its debut debt fund, MEAG Infrastructure Debt Fund, at €660 million. The fund had a target size of €500 million and reached a first close at €200 million in January. It has a sole focus on European senior debt deals.

Two-thirds of the capital raised for the fund came from German investors, with the remainder raised from investors elsewhere in Europe.