Edmond de Rothschild Asset Management has already reached its target to match the successful previous fund raising for its infrastructure debt platform, the fifth vintage having raised to date more than €1.2 billion.
Launched in 2014 with €400 million, BRIDGE is now nearing €4 billion of capital raised.
BRIDGE V is still fundraising and is already guaranteed to exceed its predecessor BRIDGE IV which closed with EUR1.25 billion in February 2020. It is composed of two strategies, one investing in Senior Solvency 2 Infra eligible assets and the other in the Yield Plus space (range BB-/BB+ and mainly Junior debt). €900m have been raised for the former and in excess of €300m for the latter. Following on the full deployment of its 2020 dry powder of EUR800 million across 19 assets, BRIDGE (Benjamin de Rothschild Infrastructure Debt Generation) has already committed EUR 600m across 14 assets as of 30 September 2021. The 13-people team confirmed its ability to act as a true alternative arranger of debt working with leading financial and industrial sponsors but also smaller developers.
The platform, run by Jean-Francis Dusch and its London and Geneva based team, has historically invested across Europe with some outside of Europe OECD countries assets invested on a case by case basis. The geographic expansion is core to the platform’s growth in the forthcoming years with a US and more global strategies being under consideration. BRIDGE invests across all sectors and is committed to Energy Transition, Digital Infrastructure, Transport (including Green Mobility), Social (including Energy Efficiencies) and cleaner Utilities. Its core investors base originates from Germany, France, Belgium, Switzerland, Spain, Italy, Austria, Slovakia, South Korea and is expanding.
Read more/Source: Private Equity Wire
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