Infracapital, the infrastructure team at international savings and investments business M&G plc, announced today the final close of its latest greenfield infrastructure investment strategy, raising €1.5 billion from a global investor base to invest in sustainable European infrastructure.
Infracapital has raised and managed over £6.5 billion of capital across its funds, investing on behalf of institutional investors, including many pension funds in both the UK and Europe. According to M&G plc, over 50% of the new capital raised for the new fund has already been allocated to companies that are involved in energy transition and decarbonization or providing fibre connectivity to underserved regions.
Martin Lennon, Co-founder, and Head of Infracapital, says:
“Infracapital has been investing in infrastructure for 20 years and the need for sustainable, essential infrastructure across Europe has never been greater, particularly in a post-pandemic world, where private capital will play a critical role in supporting economies and delivering on net-zero commitments.”
Portfolio companies in the fund include Zenobe, a European owner and operator of battery storage and provider of services to EV operators; Fibrus, a broadband provider transforming Northern Ireland’s digital landscape; Spectrum, a Telecoms company providing high-speed broadband in underserved areas of South Wales; EnergyNest, a Norwegian thermal battery company deploying innovative technologies to decarbonize energy-intensive industries, and a partnership with Enel X / Endesa delivering Electric buses in Southern Europe.
Jack Daniels, Chief Investment Officer, M&G plc, says:
“Growing businesses that are playing an important role in combating climate change or are enabling the digital revolution demonstrates how institutional capital can be carefully deployed to the benefit of society as a whole, as well as seeking to generate investment returns for pension funds and other like-minded institutions.”