- Advertisement -
- Advertisement -

Infrastructure Largely Immune to COVID

- Advertisement -

Stockholm (HedgeNordic) – The Covid-19 pandemic and associated economic developments have impacted consumers, companies, industries and asset classes all over the world. The coronavirus pandemic has only had a minimal impact on infrastructure, which is reflected in the fundraising climate for infrastructure funds. Evli Infrastructure Fund I, an alternative fund of infrastructure funds, raised €35 million in its third closing in mid-October to reach €104 million in assets under management.

“Our infrastructure fund has been really well received in the market, and we are pleased that we have already exceeded the fund’s minimum target size,” says Richard Wanamo (pictured), portfolio manager of Evli’s infrastructure fund. “I believe that the great interest has been driven by both the growing need of clients to diversify their portfolios through infrastructure investments and the uncertainty brought about by the corona pandemic,” he continues. “The current global situation has had only a minor impact on the unlisted infrastructure asset class. In addition, infrastructure projects generate a stable cash flow, which is particularly attractive in a low-interest-rate environment.”

Evli Infrastructure Fund I relies on a fund-of-funds strategy, aiming to select between seven and ten infrastructure funds for its portfolio. The underlying funds focus on infrastructure projects that include water and district heating companies, social infrastructure, telecommunications infrastructure such as networks and data centers, roads and ports, energy production and distribution companies, and renewable energy. Evli Infrastructure Fund I’s portfolio will cover approximately 80 to 120 infrastructure projects and companies.

The first commitments to underlying funds were made shortly after the fund was established in February this year, with the team running Evli Infrastructure Fund I aiming to make all investment commitments throughout 2020-2022. The fundraising for the fund will continue after the third closing, with the final close of the fund scheduled to take place in early 2021. The target size of the fund falls between €100 million and €200 million.

“Our portfolio managers have a good network, a lot of investment experience and a good overall picture of the market. In addition, Evli has a strong client base consisting of investors that are professional and knowledgeable,” says Tero Tuominen, Managing Director of Evli Fund Management Company. “They know what they want and are looking for good alternatives. Of course, it is also very important that you have the support of a reliable, well-established and experienced market player like Evli. This enables us to access funds managed by the most successful managers.”

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Eugeniu Guzun
Eugeniu Guzun
Eugeniu Guzun serves as a data analyst responsible for maintaining and gatekeeping the Nordic Hedge Index, and as a journalist covering the Nordic hedge fund industry for HedgeNordic. Eugeniu completed his Master’s degree at the Stockholm School of Economics in 2018. Write to Eugeniu Guzun at eugene@hedgenordic.com

Latest Articles

Nordic Hedge Funds Sustain Momentum

Stockholm (HedgeNordic) – Following its strongest first quarter in 15 years, the Nordic hedge fund industry sustained momentum into April. As reflected by the...

The Hands-On Approach of NCI Advisory in Debt Investing

Stockholm (HedgeNordic) – With over 45 years of expertise in structured finance and debt asset management, Jørgen Beuchert has dedicated the last 15 years...

Hedge Fund Journal: Calculo Best in Commodity Trend Following

Stockholm (HedgeNordic) – Calculo Evolution Fund, a pure commodity trend-follower based in Denmark, has been recognized as the “Best Performing Commodity Trend Follower” over...

SRV’s Multi-Pillar Fixed-Income Strategy

Stockholm (HedgeNordic) – Despite Danish mortgage bonds being widely regarded as almost risk-free, occasional spikes in risk aversion trigger significant spread widening versus government...

DBi Pioneers Cost-Efficient Access to CTA Performance

Stockholm (HedgeNordic) – Trend-following CTAs or managed futures vehicles are often seen as effective diversifiers within investment portfolios, exhibiting limited correlation to equity and...

Swiss Bank Eyes Global Equities Through Quant and Options Overlay Funds

Stockholm (HedgeNordic) – A Swiss private bank is seeking to allocate a minimum of €20 million to a fund specializing in global equities through...

Allocator Interviews

Latest Articles

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -