MEAG, the asset manager of German insurers Munich Re and ERGO, has been selected by a Dutch pension fund to manage €1bn in infrastructure debt.
MEAG said it will create a diversified portfolio of infrastructure assets for the large, unnamed Dutch pension fund. These investments will be in Western Europe and span various sectors, such as renewable energy, transport, telecommunications and social infrastructure.
Thomas Bayerl, board member and global head of illiquid assets at MEAG, said this latest mandate confirms that pension funds are increasingly looking at infrastructure debt as an asset class generating attractive, risk-adjusted returns, and to its characteristics for asset and liability management.
“The disciplined and prudent investment process we have established for our investors is ideally suited to meet our clients’ high standards,” Bayerl added.
Heiko Wunderlich, chief sales officer at MEAG, said: “We thank our new client for the trust they have placed in us. This mandate is one of the largest we have won to date in the infrastructure debt asset class and represents a significant milestone in our success story.”
The mandate underscores MEAG’s strong commitment to invest in alternative assets, and strengthens its position and presence among international investors, Wunderlich added.
MEAG invests over €12bn in infrastructure debt through its platform on behalf of the clients.
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