BNP Paribas Securities Services has been selected to provide post-trade and operational services for a new infrastructure fund launched by Infranity, the Generali Investments-owned asset manager.
The fund, called Horizon Infrastructure Strategies, is structured as an open-ended European Long Term Investment Fund (ELTIF) and will be domiciled in France. According to BNP Paribas, the vehicle is designed to invest in established European infrastructure platforms with growth potential and sustainability characteristics.
Under the mandate, BNP Paribas Securities Services will act as depositary and custodian and deliver fund administration, loan administration and middle-office services to the new fund. With this addition, the bank now services 12 Infranity funds in total, representing more than €3.41 billion in assets under custody and administration.
BNP Paribas Securities Services reports that it holds €14.9 trillion in assets under custody globally and €735 billion in private assets under service. The Infranity mandate sits within its private capital servicing activities.
Private capital and infrastructure focus
Infranity is specialised in infrastructure investments. The Horizon Infrastructure Strategies fund is intended to give investors access to infrastructure assets linked to themes such as energy transition, green mobility, digital transition and social infrastructure.
The original announcement also notes that the fund is aimed at widening access to Infranity’s infrastructure strategies for private investors, through distribution partnerships with unit-linked product providers and wealth managers.
The mandate further extends BNP Paribas’ existing relationship with the Generali Group in Europe.
