UBS raises €1bn for debt fund

UBS Asset Management’s real estate and private markets business has reached the €1bn (£900m) hard cap of its second European infrastructure debt fund nine months after launch. Archmore Infrastructure Debt Platform II had an initial target of €700m but was oversubscribed by investors. Capital was raised from 48 investors, comprising a mix of pension funds and insurance companies from across Europe and Asia. The fund targets mid-size European infrastructure financing with a focus on private senior secured infrastructure debt deals. It has committed about 20% of its capital since launch in March 2018 to four senior infrastructure financing transactions. It