By Richard Hook2018-10-04T08:17:00
UBS Asset Management’s Real Estate & Private Markets (REPM) business has surpassed its fundraising target with a €850m (£753m) raise for its second European infrastructure debt fund, Archmore Infrastructure Debt Platform II.
The fund will remain open to new subscriptions until year-end with a hard cap of €1bn having surpassed the €700m target set at launch six months ago. IDP II’s strategy targets private infrastructure debt opportunities of medium size in Western Europe, primarily through direct lending on senior secured projects.
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