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M&G raises EUR 1.5bn for sustainable infrastructure strategy

Three quarters of the capital in M&G's infrastructure team Infracapital's fund comes from Nordic investors and Prudential's With Profits Fund.

Photo: DAVID MCNEW/AFP / AFP

Investment manager M&G's infrastructure team at Infracapital has raised EUR 1.5bn for a new strategy targeting sustainable European infrastructure.

Half of the capital has already been allocated to five portfolio companies. Three quarters of the capital raised comes from existing Nordic investors as well as Prudential's With Profits Fund, the investment manager says in a company statement.

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