KBRA Affirms the Rating of ABN AMRO's Participation in a Capital Call Facility for InfraVia Growth Fund I
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 Growth Fund I (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.
In November 2024, the Facility’s termination date was extended from December 2024 to September 2025 and the Facility was reduced from €150 million to €85 million. 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. As of January 2025, 55.5% of the Total Fund Commitments and 53.4% of the Qualifying Investors have been evaluated to be equivalent to investment grade credit quality which is in line with the credit quality of the LP base at issuance of the rating. There have been no changes to the LP base year-on-year.
InfraVia Growth Fund I invests primarily in growth equity technology business-to-business companies that enable the digitisation across mobility and logistics, industry and manufacturing, energy, IT, telecoms, security, health and medtech. 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.
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