Patrizia Infra Debt

PATRIZIA AG infrastructure debt platform (~€60B real assets AUM). Head of infra debt: Alexander Waller. Per Mar 2023 Infrastructure Investor report: "sector most attractive it has been in over a decade." Targets ~5% returns for IG, 8%+ for high-yield infra debt. Gearing typically ~50%. ESG/EU Taxonomy-aligned. Feb 2022: hired Barthélémy Dognin (Director, prev. La Banque Postale AM); completed acquisition of Whitehelm Capital. Senior and subordinated loans for European infra: energy transition, transport, digital. No material losses since GFC.