The La Banque Postale Asset Management has announced the first closing of its new infrastructure debt fund, LBPAM European Responsible Infrastructure debt fund, with a EUR365 million (US$412.28 million) commitment.

The fund will invest in new investment opportunities in sectors related to energy transition and digital infrastructure. The investment strategy of this new fund has been enriched by greater geographic and sector diversification as well as an expanded mode of intervention for direct loans.

LBPAM European Responsible Infrastructure debt fund will be marketed throughout the year 2019 with a target of EUR600 million (US$683 million). LBPAM is supported by its partner Aegon Asset Management for the marketing of the fund in Europe.