Infrastructure senior debt

Financings backed by assets that generate steady cash flows and which have minimal residual value risk

Rivage Investment invests in essential infrastructures that have stable and predictable cash flows

We finance brownfield and greenfield infrastructure projects developed from mature technologies and managed by experienced sponsors. We offer long-term senior secured debt, which is primarily investment grade.

We finance projects that offer robustness through all market cycles for our investors. They are also associated with a sustainable strategy and come from sectors that are accelerating the energy transition. They are essential for the society.

History of our senior infrastructure funds

2013
First infrastructure debt fund
Fund dedicated to a single investor, a German insurance company
2014
First multi-investor fund: Rivage Euro Debt Infrastructure 1
17 institutional investors with a total investment of €628m
2017
Second multi-investor fund: Euro Debt Infrastructure 2
18 clients with a total investment of €696m
2018
First co-investment fund
Dedicated to a single investor, already invested in other funds managed by Rivage Investment
2019
Rivage Euro Debt Infrastructure 3
Hard cap reached at €1bn
2020
REDI 1 and REDI 2 100% invested
The transport sector is still the first beneficiary of our financing
2023
REDI 3 invested at 100%
Renewable energy is the leading investment sector with 42% of investments
2024
Launch of REDI 4
Our latest vintage of our senior debt strategy

Rivage Investment generates attractive relative value for our investors

Our DNA in senior infrastructure debt investments:
Direct origination
Through our contacts and networks, we focus on direct origination, which provides diversification and added value
A proactive investor
Rivage Investment is able to arrange and secure transactions and act as sole lender. We have a dynamic, solution-oriented investor profile
Credibility and scale
We are a reliable partner: having completed over 110 transactions in the last ten years, we are able to execute large senior transactions
A disciplined investment policy
High standards of documentation, conservative financial and non-financial covenants protect investors - even in adverse economic situations
Central to the energy transition
Our investment strategy targets ESG objectives, facilitating both decarbonisation and social responsibility
A pioneer in Europe
Rivage Investment was one of the first portfolio managers in continental Europe to offer investors access to long-term infrastructure finance. We are one of the top 5 European managers in infrastructure debt

Our infrastructure senior debt investments extend across Europe