Fund Management
ECM Launches New Europe Focused Debt Fund
Wells Fargo owned and UK headquartered ECM Asset Management has launched a new fund.
Wells Fargo owned and UK-headquartered ECM Asset Management has
launched a new fund.
The ECM European infrastructure debt fund will but into debt for
the construction and operation of infrastructure projects and
utilities in continental Europe and the UK.
Its strategy is to acquire infrastructure debt assets on a
‘buy-and-hold’ basis creating a highly diversified portfolio of
high value/low risk assets.
The countries that the fund will invest in will be the UK,
Germany, France, Belgium, Netherlands, Italy, Spain and other
selected countries in the EU.
The sectors that will be invested in include renewable energy,
social infrastructure, transport, power, oil & gas, telecoms and
utilities and the asset class invested in will be
limited/non-recourse debt and utility debt.
"Infrastructure debt is a long term asset class. The duration of
these investments tends to match the long-term liabilities of
institutions such as life insurance companies, pension funds and
sovereign wealth funds, thus making infrastructure debt
attractive to those institutions," said Kirk Hartman, president
and chief investment officer of Wells Capital Management.
