MEAG Munich Ergo AssetManagement GmbH has successfully secured the final closing of MEAG's second Infrastructure Fund with investment commitments over EUR1 billion (US$1.19 billion).
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. 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 EUR800 million (US$955.11 million). Alongside Munich Re, insurance companies, pension funds, banks, and international organizations are investors in the fund. The fund's goal is to generate a stable and attractive long-term return for its investors, while at the same time ensuring the preservation of the invested capital.
The MEAG Infrastructure Debt Fund II invests outside capital in selected infrastructure projects in Germany, Europe, and the US. These projects can be in any segment of the infrastructure spectrum, such as transport, energy supply, renewable energies, communication, or social infrastructure. Before the decision is made to invest in a given asset, MEAG puts all projects through a rigorous due diligence process together with the experts from Munich Re, which enables investments to be made in all different project phases (greenfield & brownfield).