Dutch pension investor APG has handed a €425m (£369m) impact infrastructure debt mandate to Schroders Capital.
It marks APG’s first allocation to infrastructure debt and makes APG a cornerstone investor in Schroders Capital’s newly launched strategy, which is focused on high-yielding infrastructure.
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Schroders Capital said it had developed a “tailored investment solution” to “capture the growing opportunity set in the infrastructure debt investment universe” that also aligns with APG’s sustainability and impact requirements.
Since its inception, the infrastructure debt team has deployed over €9bn in over 200 transactions.
“With our first steps into infrastructure debt and a growing commitment to impact credit, we’re aligning capital with purpose—delivering long-term value while addressing global challenges,” said Menno van den Elsaker, head of alternative credits at APG.
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“The expansion into real asset credit is a natural evolution of our clients’ strategy, and we’re engaging with partners who share our ambition to drive measurable outcomes.”
“Infrastructure debt continues to offer stable cashflows, even in periods of volatility, making it a valuable portfolio diversifier – a particularly pertinent factor, not least in today’s market environment,” added Jerome Neyroud, head of infrastructure debt at Schroders Capital.
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