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SCOR IP launches fourth infra debt vehicle

SCOR Investment Partners is targeting between €750 million and €1 billion for its latest infrastructure debt vehicle.

  • Fund name: SCOR Infrastructure Loans IV
  • Amount raised:  150 million
  • Target size:  750 million – €1 billion
  • Stage of fundraising: Launched
  • Predecessor fund: SCOR Infrastructure Loans III (€465.5 million)

SCOR Investment Partners has launched its fourth infrastructure debt vehicle, the firm stated in a press release.

The Paris-based asset manager classified the fourth fund as Article 9 under EU Sustainable Finance Disclosure Regulation (SFDR) and was granted LuxFLAG Environment Applicant label status. The fund aims to provide senior secured lending to projects with an inherent positive environmental or social contribution.

Infrastructure Investor understands the fund has already secured a commitment of €150 million from SCOR, the company’s anchor investor.

SCOR Infrastructure Loans IV has already invested €100 million across five diversified infrastructure projects in fibre networks and data centres, as well as in the transportation sector.

Since 2013, SCOR IP’s infrastructure team has embedded sustainability mandates for all of its senior debt investments; to this end, 100 percent of all debt investments are directed to assets that are ESG positive. Combining all predecessor funds, SCOR IP has completed 57 infrastructure debt transactions totalling €1.6 billion.