Key Takeaways
- • Societe Generale and Brookfield Corp plan to launch a private debt fund targeting total volume of 10 billion euros ($10.73 billion) over the next four years, according to Reuters.
- • Initial seed funding totals 2.5 billion euros, to be directed toward the power, transportation and finance sectors, among others.
- • SocGen CEO Slawomir Krupa said the fund "will have a positive impact on the real economy," per a company press release.
Summary
French lender Societe Generale and asset manager Brookfield Corp plan to launch a private debt fund targeting a total volume of 10 billion euros ($10.73 billion) over the next four years, the companies announced on Monday, September 11, 2023, according to Reuters.
Initial seed funding for the vehicle amounts to 2.5 billion euros. The capital will be directed toward the power, transportation and finance sectors, among others, the companies said.
SocGen Chief Executive Slawomir Krupa said in a press release that the fund "will have a positive impact on the real economy." The source report did not include further details on fund structure, fee arrangements, or the timing of the first close.
The launch positions the bank and Brookfield to deploy private credit capital into infrastructure-linked and financing sectors, with the seed commitment providing a foundation for the four-year fundraising and deployment target.
Initial seed funding for the vehicle amounts to 2.5 billion euros. The capital will be directed toward the power, transportation and finance sectors, among others, the companies said.
SocGen Chief Executive Slawomir Krupa said in a press release that the fund "will have a positive impact on the real economy." The source report did not include further details on fund structure, fee arrangements, or the timing of the first close.
The launch positions the bank and Brookfield to deploy private credit capital into infrastructure-linked and financing sectors, with the seed commitment providing a foundation for the four-year fundraising and deployment target.
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