(Finance) – F2i Sgr has passed i € 7 billion in funding thanks to the launch of his first fund of Infrastructural Debt with a target amount of 500 million euros. The new Infrastructure Debt Fund 1 (IDF1), the first of this type managed by an Italian asset manager, successfully concluded the first closing, equal to 310 million euros subscribed by Italian and foreign investors (Insurance, Banks, Pension Funds, Banking Foundations).
The investment strategy of IDF1 – explains F2i in a note – focuses on senior and junior financing through loan (direct lending) and bond, to support the development and renewal of infrastructures in Italy and in EU countries in key areas of sustainability such as: Energy & Utilities (renewables, energy efficiency, networks), Telecommunications (broadband, data centers and towers), Social Infrastructure (hospitals, PPP), Environment (water services, circular economy), Transport and Sustainable Mobility.
The Fund aims to mobilize long-term capital by offering institutional investors (in particular pension funds, insurance, pension funds, banking foundations) in Italy and EU countries an investment opportunity in infrastructure sectors with a strong impact on growth. economic and social, through a product that offers a historically low risk-adjusted return, particularly attractive in the fixed income world.
“F2i is the largest Italian investor in infrastructure, capable of channeling resources from private and public entities, Italian and foreign to projects essential for the sustainable growth of society and the economy. The launch of the first debt fund – he declared Renato Ravanelli, CEO of F2i Sgr –Adds an important tool to our strategy, offering greater flexibility, diversification and opportunities for our investors. The initiative is particularly important to satisfy the need for private capital to support and complement public resources in the context of the Next Generation EU / PNRR. Through the launch of the Fund and more generally of the investment strategy in infrastructure debt, F2i Sgr offers a complementary and additional instrument compared to traditional sources of financing to support the development of infrastructures, placing itself in strong synergy with the banking market, and risk capital interventions “.
The dedicated debt investment team is led by Gianluca Gustani and is part of the F2i organization characterized by proven and widespread skills in the infrastructural sector.
Linvestment in infrastructure debt it generates a constant and predictable return, with a return for investors right from the use of capital (immediate cash yield). In addition, loans in the infrastructure sector, mostly at variable rates, offer protection from the current rise in rates and in the medium to long term and therefore, indirectly, from rising inflation.
IDF1 qualifies as a product pursuant to art. 8 of the EU SFDR Regulation. According to the provisions of European legislation, the Fund is therefore a product that, in addition to integrating the sustainability risk in the decision-making process relating to investments and taking into account the main negative impacts on sustainability, promotes environmental and social characteristics in compliance with the principles of good governance adopted by the financing companies.