MADRID, 12 Dic. (EUROPA PRESS) –
BlackRock Alternatives has secured total commitments of €415 million to its Private Infrastructure Opportunities European Long Term Investment Fund (PI Eltif’) in a final closing that exceeded its initial target of raising capital.
This final close follows the trend of BlackRock Private Equity Opportunities’ first Eltif, which closed in April 2021, also above target.
As part of its aim to regularly offer new products on private markets to its European client base, the firm also intends to bring two other private equity-focused Eltif strategies to market, scheduled for launch in 2023.
PI Eltif will invest in a portfolio of global private infrastructure projects that are developing the real economy and aim to provide a long-term source of income. The Eltif structure makes institutional-caliber infrastructure strategies available to non-professional investors within a regulated framework, providing them with access to diversified, institutional-quality private infrastructure portfolios, the firm explains.
The fund focuses on direct co-investment opportunities, allowing individual clients to invest alongside a wide range of institutional infrastructure managers and access a diversified portfolio of global infrastructure projects with a conservative risk profile, which until now was reserved for professional investors.
The fund’s thematic focus is on investment opportunities within three main trends: digitalisation, decarbonisation and decentralisation. The fund will focus on sectors such as transportation and logistics, electricity and utilities, energy, telecommunications, and environmental and social infrastructure.
PI Eltif will seek to invest in operating assets with long-term contracted income streams in a tested and stable regulatory environment. At least 50% of the fund’s portfolio will invest in infrastructure joint ventures located in Europe.
Serge Lauper, Global Head of Infrastructure Solutions at BlackRock, has expressed his belief that private infrastructure assets have an important role to play in Wealth portfolios, especially in a volatile market environment, thanks to their diversification properties and your long-term investment horizon.
“Investments in infrastructure also have the potential to hedge some of the effects of inflation. Looking ahead, as infrastructure financing needs to increase, we expect to see increasing demand for private equity investment in long-term infrastructure projects.” term,” he said.
For his part, West Lockhart, Head of Wealth and Family Offices at BlackRock Alternatives Specialists for EMEA, highlighted that the success of raising capital for BlackRock’s Eltif Private Infrastructure “is a testament to the growing interest of clients in the private markets, particularly for infrastructure, an asset class that can have a tangible impact on local economies.
“We believe that the Eltif vehicle can play a critical role in helping to broaden individual investors’ access to alternative investments. We are delighted to offer these investment opportunities to Wealth clients across Europe and look forward to further evolving our offering in the future.” next year,” he concluded.
