Fundraising Report Q3 2020 | Infrastructure Investor
With $78.5bn raised during the first nine months, 2020 might not break any records, but fundraising has remained strong in this most challenging year.
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The Dutch manager's latest flagship fund exceeded its target by more than €500m after raising its hard-cap earlier this month, as it looked to accommodate new investors.
The manager was originally targeting $1.75bn for its second mezzanine fund, expected to reach a final close as early as end of October.
MIDIS’s sub-investment grade infra debt fund is already roughly 60% invested in 14 borrowers in the US, UK and continental Europe with an average internal rating of BB-.
The Dutch manager has split the fund into a sub-fund structure, targeting €750m for senior debt and €350m for junior debt.
The firm will make mezzanine debt investments through separately managed accounts and may raise a dedicated Asia debt fund in future.
Solar panels
The Impact Alternatives Fund will invest up to 30% of its capital in renewables across both IIG and externally-managed funds.
ADIA is the largest investor in the vehicle with additional commitments made by other global institutional investors and the firm's flagship fund.
The insurer has anchored the fund with €50m and identified the first four investments.
The Miami-based firm is also raising its third equity fund, which is targeting $12bn.

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