Infrastructure fund Swiss Life Funds (LUX) Global Infrastructure Opportunities III reaches first closing and receives capital commitments in the amount of EUR 825 million
Swiss Life Asset Managers successfully started raising capital for its third core infrastructure fund, Swiss Life Funds (LUX) Global Infrastructure Opportunities III (SLFL GIO III), with a first closing at the end of October 2019. The fund raised capital commitments in the amount of EUR 825 million and with that has raised slightly more than 50% of its target amount of EUR 1.6 billion. In addition to the Swiss Life Group, several other institutional investors have participated in the first closing. The fund will be raising further capital over the next 18 months.
Chris Manser, Head of Infrastructure Investments, comments: “We are very pleased with the launch of our third core infrastructure fund with which the total assets under management have now increased to over EUR 4 billion. With the well diversified portfolio and a broad sector split of SLFL GIO III, we continue to offer our clients an attractive opportunity for long-term investments in the core infrastructure segment”.
The 25-year fund focuses on direct core infrastructure investments in in Europe and North America covering regulated networks, transport, energy, renewable energy, telecommunications and social infrastructure sectors.
As of 1 November 2019, Swiss Life Asset Managers manages over EUR 5 billion of committed capital1 in the infrastructure space across several different funds.
1 The committed capital amount under management includes EUR 1 billion under Fontavis AG which was recently acquired by Swiss Life Asset Managers.
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