Barings completes $630m funding for first ever infrastructure debt fund

$130m above target

Eve Maddock-Jones
clock • 2 min read

US based investment management firm Barings has completed fund raising for its new Target Yield Infrastructure Debt fund, exceeding its $500m target.

The fund closed on $630m, $130m above its initial goal. While Barings does have some infrastructure funds already, this is the firm's first step into the infrastructure debt space, despite setting up its infrastructure debt arm in 2013. This strategy will including a mix of public and private pension funds and insurance companies and is focused on OECD countries primarily in North America and Europe. Keeping in line with other Barings infrastructure strategies, the fund will invest in below investment grade debt assets across social and regulated infrastructure, renewables, transportatio...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Stories of the Week: Shareholders approve LGIM property fund restructure; FCA issues warning notice to Neil Woodford; US inflation spike

Stories of the Week: Shareholders approve LGIM property fund restructure; FCA issues warning notice to Neil Woodford; US inflation spike

LGIM; FCA; US inflation: The biggest stories from the world of investment and asset management this week

Sarka Halas
clock 12 April 2024 • 1 min read
Partner Insight: Is there opportunity for high yield in today's new economic era?

Partner Insight: Is there opportunity for high yield in today's new economic era?

High-yield investors face a challenging backdrop, but attractive opportunities are starting to emerge amid the ongoing uncertainty, says Wellington Management’s Konstantin Leidman.

Sarka Halas
clock 09 April 2024 • 2 min read
Friday Briefing: Shareholders are taking the gloves off in this year's AGM season

Friday Briefing: Shareholders are taking the gloves off in this year's AGM season

Friday Briefing

Eve Maddock-Jones
clock 08 April 2024 • 5 min read
Trustpilot