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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 first transaction comes in the form of a A$130m senior syndicated loan facility, with capital funded via a separate account.
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.
The Miami-based firm is also raising its third equity fund, which is targeting $12bn.
Janghwan Lee Lotte Insurance
The Korean insurer says debt is generally preferable to equity investments and a lack of face-to-face due diligence makes commitments to GPs unlikely without an existing relationship.
The French manager launched the second instalment of its Predirec EnR series earlier this year and is targeting €300m.
GI Data Infrastructure Fund targets investments in data centres, telecommunication towers and fibre wiring.
Troubled Australian financial services giant AMP Ltd will evaluate offers for all assets and businesses, including AMP Capital, in a ‘considered and holistic manner’.
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