SWEN Capital Partners has raised €307.5 million (US$349 million) for its second infrastructure fund, well above of its target.
The first fund was closed at €120 million and this second fund had a target of €200 million. The new fund will invest in core infrastructure assets and renewable energy and greenfield projects.
Jérôme Delmas, CEO of SWEN Capital Partners, says:
"This second successful fund raising can be attributed to a recognition of our team's expertise in infrastructure allocation and its capacity to respond to the expectations of our clients. We are well placed to operate as a major player in this strategy and offer our investors a real partnership in their infrastructure allocations."
Jean-Philippe Richaud, Managing Director of SWEN Capital Partners, adds:
"With more than fifteen investments, this second-generation fund is presently over 60% invested and distributed its first interest payment to investors after the final closing. This is good news for the investors in the fund which, like its predecessor, has not seen a 'J' curve."
SWEN Capital Partners was formed from the merger of the OFI AM and Federal Finance Gestion (FFG) multi-management and unlisted teams. The firm invests in private equity, private debt and infrastructure, mainly in Europe. The company has nearly €3 billion in assets under management.