KBRA Affirms the Rating of ABN AMRO's Participation in a Capital Call Facility for InfraVia European Fund IV
28 Mar 2025 | London
KBRA UK (KBRA) has affirmed the A rating assigned to ABN AMRO Bank N.V.'s ("ABN AMRO") participation in a master equity bridge facility (the "Facility") for InfraVia European Fund VI (the “Fund”). The Outlook is Stable. The rating was requested by ABN AMRO. Neither InfraVia Capital Partners nor any of its associates has requested this report or the rating, and this report has not been prepared for or approved by any of them.
The Facility is a €180 million replenishable term loan available as short-term loans and letters of credit. The Facility’s termination date is June 2025. The purpose of the Facility is for bridging financing acquisition costs, general corporate and working capital purposes and the payment of fees, interest and expenses relating to investments and the Facility. The rating action reflects the stable credit quality of the limited partner (LP) base of the Fund year-on-year, with relatively limited LP transfers and changes in the assessment of LP credit quality. As of September 2024, 61.9% of the Total Fund Commitments have been evaluated to be equivalent to investment grade credit quality, with 76.3% of commitments to the FPCI Partnership and 49.8% of commitments to the SCSp Partnership evaluated to be equivalent to investment grade quality respectively, which is in line with the credit quality of the LP base at issuance of the rating.
InfraVia European Fund IV invests primarily in infrastructure transactions with a predominant focus on midmarket infrastructure projects in the transportation, energy, social infrastructures, utilities and communication sectors and in related services fields with predominant geographical focus in the Eurozone. Established in 2008, InfraVia Capital Partners is an independent private equity firm specialising in infrastructure, critical metals, real estate and technology investments. Headquartered in Paris, InfraVia has raised €16 billion of capital and invested in a portfolio of 61 investments across various infrastructure sectors including telecommunication, energy transition, healthcare, social infrastructure, transportation and smart mobility, as well as European business-to-business technology companies at the growth stage.
Note: This press release was updated on March 28, 2025 to make an update to the disclosure section.
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