Generali Global Infrastructure (GGI), an asset management company specializing in sustainable infrastructure investments, will now operate under a new name, Infranity.
The new name brings more clarity for the clients as it reflects the company's two major strengths: "infrastructure" and "humanity", Generali said in a statement on 13 September.
Founded in 2018 by Philippe Benaroya, Alban de La Selle and Gilles Lengaigne as a strategic partnership with Generali, Infranity is the first entrepreneurial asset management company launched within the Generali Investments ecosystem of asset management companies.
Offering defensive and resilient investment strategies that are largely decorrelated from public markets, Infranity already attracted over €7bn of capital from institutional investors.
Philippe Benaroya, founding partner and CEO of Infranity, said: "In association with the Generali Group, our majority shareholder, we are very pleased to unveil today our new identity, Infranity.
"The new name, expressing our focus on 'infrastructure' and 'humanity', further builds on our values, expertise, and engagement to sustainable investment.
"Since inception in 2018, our Company has always focused on creating value on behalf of its clients through investments in essential infrastructure that foster the sustainable transformation of our economies and societies."
Maintaining its historical heritage and independent investment model, Infranity differentiates itself through its sustainable and defensive investment strategies, offering attractive and resilient risk-adjusted returns, Generali highlighted.
Headquartered in Paris, Infranity has a team of more than 40 international experts dedicated to identifying and structuring investment opportunities addressing some of today's major challenges in key sectors including energy transition, environment, green mobility, digital transformation and social infrastructure.
Since its inception, Infranity has built up a portfolio of over 70 assets in Europe and North America, spread across 11 funds. These include a fully invested €2 billion senior infrastructure debt fund (capital raised between 2020 and 2021). In July 2021, Infranity has launched a successor Fund with similar characteristics and targeting to reach the same size at final close next year.
The Fund's capital raising, and deployment are well underway. Through its investment activity, Infranity is funding infrastructure projects across Europe, with recent investments in Italy, France, Sweden, Germany, Ireland and Spain.
Three of the most recent investments are here:
• Infranity has contributed to the financing of Fiber Networks Ireland Limited to roll-out fiber-to-the-home networks across Ireland, targeting 1.9m housesholds, 84% of homes and businesses in the country, by the end of 2026.
• Infranity participated in the financing of Société de Développement de la Fibre Au Service des Territoires, a joint venture between infrastructure fund manager Vauban and telecom operator Bouygues Telecom to co-invest in fiber-to-the-home networks in France through the acquisition of long-term access rights.
• With other investors, Infranity secured an equity stake in Hexagon Renewable Energy, a new Independent Power Producer, previously TTR Energy, which comprises a large portfolio of onshore wind farms in France