Britain's Aviva has become the latest European insurer to sponsor an infrastructure fund, setting up a 1 billion pounds ($1.6 billion) vehicle to provide debt funding for projects in Britain and continental Europe.

Major insurers such as AXA and Allianz have bypassed others' infrastructure funds and set up their own infrastructure investment arms, matching infrastructure's long-term cashflows with investors' long-term liabilities.

Now Aviva has partnered with Hadrian's Wall Capital, an infrastructure debt advisory firm, to create a debt fund dedicated to infrastructure, going against the trend of other insurers who have created equity infrastructure funds.

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Posted by mopeng at February 22, 2010 11:09 PM