Infranity, the Parisian infrastructure manager that is part of Generali Investments, has opened its first North American office in New York, according to a statement.
To staff the new office, the €11 billion manager has recruited a three-person team from Fiera Private Debt: Paul Colatrella has joined as head of the US debt investment team, while Katherine McElroy and William Kim have arrived as managing director and director, respectively.
Infranity has been an active impact fundraiser over the past few years. It manages the 28th largest pool of impact capital, according to New Private Markets Impact 50. It closed two debt funds for a combined €2 billion in February: Generali Green Impact Investment Fund, which focuses on the environmental transition; and Generali Social & Digital Impact Investment Fund, which prioritises social infrastructure and invests in the health and education sectors as well as telecommunications.
The firm is also seeking €3 billion for the Enhanced Return Debt Fund, which pursues opportunities in infrastructure sub-investment-grade debt. Half of the fund’s capital will be directed towards climate investments. It had received commitments totalling €1.59 billion as of September, some of which came from parent company Generali Group.
