The Luxembourg-based fund aims to build a diversified portfolio of investment grade quality infrastructure debt across Europe in five core sectors: social infrastructure, transportation, energy, utilities and digital infrastructure.
The fund has a target annual gross return of 3-4% and a duration of 12-15 years.
NNIP, the asset manager of Dutch financial corporation NN Group, has refined its strategy to focus on infrastructure assets that offer measurable social and environmental impact without giving up financial returns. It adheres to the Equator Principles and will select investments for the fund by applying its proprietary environmental, social and governance model.
Alistair Perkins, head of infrastructure debt at NNIP, said: “We are very excited to launch this new fund, as it allows us to combine our in-depth knowledge and experience of infrastructure debt with the growing demand from our clients to invest in the real economy and contribute to the UN sustainable development goals.
"We are convinced that by carefully selecting sustainable investments, we can build a future-proof portfolio that enhances value for our investors while demonstrating a tangible contribution to a more sustainable economy and prosperous society”.