BNPP AM Alts has raised €1.2bn for its second European junior debt strategy, closing 10 investments across green mobility, digital infrastructure, and energy transition sectors. The fund focuses on solar projects, data centres, and rail assets, primarily targeting Western Europe. This fundraising follows a growing trend of infrastructure-focused capital deployment in Europe, with recent closes including CIP's $3bn final close for renewables and NIIF's $2bn first close for infrastructure funds.

The strategy reflects increasing investor appetite for sustainable infrastructure investments, particularly in energy transition and digital infrastructure sectors.