MEAG Infrastructure
Debt Fund III

An anchor of stability in a volatile environment

With MEAG Infrastructure Debt Fund III, we are expanding our range of private debt funds: The newly fund is focus on senior secured infrastructure debt financings in Europe, primarily in the sectors Transport, Social, Communication, and Energy & Clean Tech, as these sectors are showing strong demand and they offer outstanding long-term investment opportunities. 

MEAG Infrastructure Debt Fund III promotes environmental and social characteristics as a binding element of its investment strategy and discloses in accordance with Article 8 SFDR. It is structured in legal terms as an SCSp SICAV-RAIF in Luxemburg, and issued by Hauck & Aufhäuser Fund Services S.A.
 

Fund and portfolio structure

Fund strategy

 Investment predominantly in senior collateralised infrastructure financing
Sectors Transport, social, communication, energy and clean tech
Geographic focus Europe
Rating quality BBB / BBB- (RSU1; Ø-rating), up to 20% non-IG
Target volume EUR 600 – 800 mio.
Investors Professional investors, regulated investors (e.g. SII & VAG), financial institutions
Currency EUR
Investment manager MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH
AIFM Hauck & Aufhäuser Fund Services S.A.


1 Rating Agency for credit risks

Opportunities and riks

Opportunities

  •  Possible additional returns thanks to illiquidity, complexity and high market-entry barriers
  • Attractive also compared to similar fixed-income investment opportunities
  • Plannable cash flows as capital calls and repayments are generally known in advance
  • Current interest rates mean that higher yields can be locked-in for the long term

 

Risks

  • Slow build-up of fund because of strict internal DD criteria, or limited availability of suitable investment projects
  • Default/Credit risks of issuers, e.g. due to liquidity squeezes
  • Bond investments are influenced by interest rate and currency developments, which can temporarily affect the fund's market value
  • Counterparty risk: Insolvencies of service providers or counterparties can lead to credit defaults

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