French asset servicer BNP Paribas Securities Services (BNPPSS) has secured a mandate to provide asset servicing to an evergreen infrastructure fund run by Infranity, a part of Generali Investments.
The Horizon Infrastructure Strategies is an open-ended evergreen European long term investment fund (Eltif) domiciled in France and backed by the Generali Group.
BNPPSS will provide a range of private capital services including custody and depositary, fund and loan administration and middle-office servicing.
This is the twelfth Infranity fund to be serviced by BNPPSS, bringing the total volume of assets under custody and administration to €3.41 billion.
According to Laurent Durdilly, global head of private capital solutions, securities services, BNP Paribas, the mandate demonstrates the firm’s “commitment to private capital clients in key markets”.
