BRIDGE-V is still going strong with EUR 2bn of commitments won from investors to date. This is a EUR 800m increase over the last update of October 2021 and this vintage has far exceeded its predecessor, BRIDGE-IV (EUR 1.25bn raised). BRIDGE-V comprises a mix of collective funds and dedicated funds, EUR 1.4bn of which is Senior strategy and EUR 600m is Yield Plus strategy.
A Fundraising at record levels
Since the beginning of 2022, Edmond de Rothschild AM’s Infra Debt platform has gained further interest and trust from institutions with EUR 750m raised to date.
BRIDGE appeals to an ever growing investor base, recently cementing its presence in the German market, also wining landmark mandates in Switzerland, the country where Edmond de Rothschild Group’s headquarters are located. The investment manager plans to end BRIDGE-V’s fund raising during the summer.
The platform has thus raised EUR 4.7 billion since its first close of August 2014 with EUR 400m for BRIDGE-I. This is a very significant news for Edmond de Rothschild Asset Management and BRIDGE’s team who, more than ever, establish themselves as a conviction led asset manager and true alternative arranger of debt. ESG is embedded throughout the investment process (sourcing, structuring, monitoring and reporting). The investment manager has long been working on the latter, anticipating the growing importance of reporting for investors, even more so in the context of the SFDR/Taxonomy EU Regulations.
A dynamic and diversified deployment
In the last 3 months, BRIDGE’s investment teams has signed 12 investments worth in excess of EUR 600m across all the sectors it targets and for which it was an early mover 8 years ago:
Energy Transition, Utilities (with a focus on their energy transition), Digital Infra, Transport
(including green mobility) and Social (including energy efficiencies).
During this period, BRIDGE invested in Germany, France, Spain, Portugal, Scandinavia, Belgium,
& Czech Republic, across its current two Senior (Investment Grade countries / Solvency Infra eligible 250bps spreads2) and Yield Plus (BB- credit worthy assets, 550bps spreads1) infrastructure debt strategies. This is in the continuity and even acceleration of a successful 2021, during which BRIDGE deployed EUR 800m across 20 assets. BRIDGE was associated to landmark awards including the Energy Transition/ Renewable European Deal of the Year, Social European Deal of the Year and Defining European Infrastructure Deal of the Year.
A platform management by an experienced & global team bridge’s
International team comprises 13 professionals mainly London based (two resources are in Geneva) and can rely on the whole support from teams within the Global Asset Management division of Edmond de Rothschild. The firm has opportunistically hired talents from other leading Infrastructure powerhouses in the last two years.
In 2022 onwards, BRIDGE is looking to expand outside of Europe, targeting the US and emerging markets.