Ardian in exclusive negotiation with a view to sell its stake. Meag infrastructure debt fund ii holds 1b final close news. Meag infrastructure debt fund collects over 660 million. It is also a key connection to the dutch motorway network. Sicav extended company report with annual accounts pdf includes financial data.
Malte nowack senior investment manager infrastructure. Ardian in exclusive negotiation with a view to sell its stake in world. Munich re acquires stake in california solar projects from dif. Fund for the judicial council for 14 replacement andor renovation projects and 2 studies to address building deficiencies in courts across the state. Fundsquare market infrastructure security lu200953. Project one is supported by takeorpay contracts with each of meag powers 49 participants in such projects, which are entitled to a percentage, or entitlement share. The fund, real estate and direct investment portfolios are compiled according to. Jan 21, 2019 munichbased meag has reached a first close of 200 million for a new infrastructure debt fund targeting 500 million the asset management arm of german insurance firms munich re and ergo expects to make its first investment through the meag infrastructure debt fund subfund 1 this month.
Mega funds dominate unlisted infrastructure fundraising. Meag infrastructure debt fund collects over 660 million meag has successfully completed the second closing of the meag infrastructure debt fund subfund 1. We have focused on a selection of the external factors, which should be at the forefront of any gp or lps mind, both when launching a new fund or when revisiting existing funds before asset disposals. The owner and operator of water and wastewater infrastructure in five states had previously been owned primarily by jp morgan asset investment fund, among other investor. A munich re company meag munich ergo assetmanagement. Access private debt investors dynamically searchable private debt database now, and find thousands of investors, fund managers and fund details. Roughly twothirds was raised from german investors, with the rest from investors elsewhere in europe. Meag today announced the first closing of the meag infrastructure debt fund ii, with. We recommend a broad, characteristicsbased approach to defining infrastructure, which includes the basic physical systems of a business or nation. Infrastructure investment fund act, 2014, act 877, the act the funds mandate is to mobilize, manage, coordinate and provide financial resources for investment in a diversified portfolio of infrastructure projects in ghana for national development. Munichbased meag has closed its maiden infrastructure debt fund on 660 million, above its target of 500 million the asset management arm of german insurance firms munich re and ergo reached a 200 million first close on meag infrastructure debt fund in january, having previously only invested in infrastructure debt on a separateaccount basis. The fund generally invests at least 90% of its assets in the component securitie. The fund has received commitments of usd 550 million from anchor investors.
In doing so, meag picked up where the resounding success story of its first infrastructure debt fund left off, and significantly exceeded the targeted fund volume of. Dec 31, 2020 meag stands for high cost efficiency, the prerequisite for good investment results and satisfied clients. Meag eyes 500m for infrastructure debt fund private. The fund offers wide diversified investments with an optimized riskreturn pro. Prolonged period of low interest rates has driven insurer and pension interest in the meag infrastructure debt fund. Meag holds the final close on its debut meag infrastructure debt fund at 660 million, well over its 500 million target. Munich re and luxcara create bond to finance norwegian wind. The new fund will focus on investments in infrastructure in africa to support sustainable economic growth in the region while delivering an attractive return to its investors. Senior investment manager infrastructure debt at meag munich re group. Meanwhile, in italy, glennmont partners, natixis and banca popolare di bari underwrite the first asset.
Meag power completes significant financing round for. Meag infrastructure debt fund subfund 1 is a regulated infrastructure debt special fund aimed at institutional investors. Public pension fund insurance company private sector pension fund sovereign wealth fund family office foundation endowment plan retail investor more appetite for infrastructure no change less appetite for infrastructure source. Originally we had incorrectly identified the seller. The fund will send you a form 1099div for the current year that will tell you how to report these distributions for federal income tax purposes. These projects can be in any segment of the infrastructure spectrum, such as transport, energy supply, renewable energies, communication or social infrastructure. Meag, the 252bn asset manager of german insurers munich re and ergo, and luxcara, a 2. Apg, meag, and clal insurance lead investor group to invest. Meag raises 660m for maiden debt fund infrastructure investor.
The fund will be launched as a reserved alternative investment fund raif, an investment fund that can invest in all types of assets and qualifies as an aif. Eckehard schulz is responsible for real estate financing. Private debt database start your search private debt. Successful final closing of meag s second infrastructure debt fund with investment commitments in excess of 1 bn. Meag makes longterm equity and debt capital available for infrastructure projects with volumes of at least 50 million, for instance in the following sectors. Meag eyes 500m for infrastructure debt fund infrastructure. The wind farm mutkalampi in central and northern ostrobothnia in western. Within mam, macquarie infrastructure and real assets mira provides alternative asset management services worldwide, specialising in infrastructure and renewables. Last year, meag was part of a consortium that acquired car park operator interpark from alinda capital partners in 2017. Apg asset management, meag, clal insurance, and other u. We appreciate your interest and investments in meag power bonds. The meag infrastructure debt fund ii invests outside capital in selected infrastructure projects in germany, europe and the us.
Infrastructure is not just about roads and bridges. The a9 motorway is an important and heavily frequented connection between schiphol airport, the southamsterdam residential district amstelveen and almere. The meag infrastructure debt fund ii has attracted commitments from institutional investors for over 1 billion euros. Today, meag powers assets include more than 2,000 mw of generation capacity able. Meag with second infrastructure fund for professional investors second infrastructure fund launched with a target volume of 800 m the fund invests in european infrastructure projects a reserved alternative investment fund raif in the legal form of a. Meag power completes significant financing round for vogtle.
Meag has representations in europe, asia and north america and manages all the main asset classes such as interestbearing securities, equities, real estate, renewable energies and. Infrastructure database start your search infrastructure. Meag raises more than 600m for infra debt fund in second. According to thomas bayerl, head of illiquid assets debt at meag, the deal pipeline for fund ii is wellstocked, and the fund has made its first. This memorandum is presented to the state investment council the council pursuant to n. From external unlisted infrastructure fund s to collaborative and direct investm ent. Meet the 30 largest infrastructure investors pei events. Sep 17, 2019 mirova, an affiliate of natixis investment managers dedicated to responsible investment through core infrastructure fund ii and its coinvestment vehicle, and meag, a company of munich re and asset manager of munich re and ergo, have completed today the acquisition of ardians stake in infra foch topco, which owns 100% of indigo group, following the information and consultation of the french. Access infrastructure investors dynamically searchable infrastructure database now, and find thousands of investors, fund managers and fund details. Meag flexconcept sales prospectus november 2019 page 1 88. Open to institutional investors and has target of 800m. Meag raises 660m for maiden debt fund infrastructure. Funds october 2014 world economic outlook imf 2014c underscored the contribution of public investment to growth and called for a surge in infrastructure investment to help further global recovery.
The companies said a lower threedigit million euro amount of projects bonds has been secured to finance the skinansfjellet and gravdal wind farms. It aims to provide long term investors with a target return of 10% with a focus on current cash yield. Meag is the ideal asset management partner to both private investors and institutional investors. A number of notable deals were made by unlisted infrastructure fund managers in q2 2012. Ghana infrastructure investment fund act, 2014 act 877. Meag makes longterm equity and debt capital available for infrastructure projects with. Malte nowack senior investment manager infrastructure debt. First trust north american energy infrastructure fund emlp. In may 2012, a consortium comprising of macquarie infrastructure and real assets, abu dhabi investment authority, british columbia investment management corporation and munich ergo asset management meag was.
Welcome to our investor relations site meag power bondlink. Being a gresb infrastructure fund manager member allows fiera infrastructure to apply a single, globally recognized esg framework to all its real assets. In defining infrastructure, we must take care to avoid channeling infrastructure capital into a limited range, which would exclude key projects. Roughly twothirds was raised from german investors. I hope you find this website useful as you seek to better understand the credit fundamentals of meag power.
Fonds kaufen berater finden fondspreisabo anlegertyp. Recently meag has reached a first closing of 200 million for its new meag infrastructure debt fund targeting 500 million. Establishment of the ghana infrastructure investment fund establishment of the fund 1. Sbi infrastructure fund 4 value research 5071 255071 sbi mutual fund the funds investment criteria would be to invest in equity stocks of those companies which are either directly or indirectly engaged in infrastructure growth in the indian economy and aims at long term growth in capital. In the final closing phase of the meag infrastructure debt fund ii, meag has now collected investment commitments from institutional investors to the tune of more than 1 billion euros. Additional information regarding fund distributions can also be obtained from the fund s 19a1 notices, or the yearend tax letters, however, these additional documents are not, and should not be. Although this recent trend towards noncore investing by infrastructure funds has been noted. Successful final closing of meags second infrastructure. Meag has opened its second round of financing on first closing of the meag infrastructure debt fund subfund 1. They allow us to make critical investments in public infrastructure throughout our service area. Meag infrastructure debt fund subfund 1 infrastructure. Nordholm and himanshu saxena, starwood energy group 29 european marketing for third country alternative fund managers ben robins, mourant ozannes 31 key fund manager stats 32 fund manager outlook for 2016 33 league tables largest fund managers 36. Sicavfis, a regulated closedend special fund investing in infrastructure debt, is aimed at institutional investors and was issued on universalinvestments luxembourg platform.
Brookfield infrastructure fund iii brookfield asset management canada 14,000 usd global jul16 macquarie european infrastructure fund v macquarie infrastructure and real assets mira uk 4,000 eur europe sep16 eqt infrastructure iii eqt funds management uk. On behalf of meag power, i would like to welcome you to our investor relations website. Meag eyes 500m for infrastructure debt fund private debt. Meag infrastructure debt fund ii holds 1b final close. Meag is providing 290 million as sole senior term loan lender and arranger and underwriter on part of munich re and several insurance companies of ergo group, institutional investors via meag and investment funds, e. Ghana infrastructure investment fund investment policy. Mercer private investment partners iv subfund infrastructure eur mercer private markets 364 eur global jul17 hsbc infrastructure basket ii hsbc germany 356 eur global mar16 source. What determines public investment efficiency and productivity, i. Frontier funds frontier mfg core infrastructure fund an important update update from mfg asset management march 19, 2020 the following seeks to explain how we view the covid19 crisis. Mar 27, 2019 since 2009, meag has been building a strong diversified infrastructure equity and credit portfolio, with teams based in munich and new york city. Meag is pleased to provide a substantial portion of the refinancing and improve the asset allocation towards renewable energy projects, which is a core pillar of our investment strategy and will also be implemented in our new meag infrastructure debt fund ii, for which we are planning the. Today, meag powers assets include more than 2,000 mw of generation capacity able to deliver 247 reliability, in addition to ownership in.
To access this article please signin below or register for a free trial. The fund invests in a diversified portfolio of european infrastructure projects together with munich re a reserved alternative investment fund raif in the legal form of a luxembourgian limited partnership s. Apg, meag, and clal insurance lead investor group to. Please dont hesitate to contact our team with any questions. Before the decision is made to invest in a given asset. Meag is involved in the structured portfolio financing of digital infrastructure projects of axione infrastructures through senior secured project notes with a total volume of approximately 70 mio euro for investors of munich re group and the meag infrastructure debt fund. Established in 2005, dif is an independent private markets fund manager currently controlling 8. Munichbased meag has reached a first close of 200 million for a new infrastructure debt fund targeting 500 million the asset management arm of german insurance firms munich re and ergo expects to make its first investment through the meag infrastructure debt fund subfund 1 this month. Airports, roads and toll roads, ports, bridges and tunnels, rail rolling stock trams, parking buildings, ferry services. A volume of 500 m was initially aimed for, but after the first closing with over 200 m at the start of the year, more than 660 m could be collected. Bernardino county in california from the dif infrastructure iii fund.
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