Low-Carbon Infrastructure Equity Strategy
The European infrastructure market continues to grow at an impressive pace, driven in large part by structural themes including energy transition and digitalisation.1 These, we think, will continue to act as strong tailwinds for the asset class over the coming years. In addition, infrastructure assets can help to diversify portfolios due to their low correlation with the economic cycle, as well as offer a hedge against inflation.
Strategy features
Low-carbon core+ mid-cap focus
Investing across ‘core+’ and ‘value-add’ opportunities in clean energy, sustainable mobility, circular economy and green digital, with a focus on companies exhibiting solid fundamentals and potential for value creation.
Extensive European sourcing network
The investment team leverages its deep local relationships and sector intelligence to access differentiated mid-cap opportunities across Europe.
Experienced team with strong sector alignment
A dedicated infrastructure team with a solid track record across multiple infrastructure sectors, combining both financial discipline and operational insights.
Investment philosophy
The team invests with conviction in the infrastructure shaping Europe’s low-carbon future. The strategy targets high-impact platforms in clean energy, sustainable mobility, circular economy and green digital infrastructure. By combining the stability of mature assets with the upside potential of growth-oriented opportunities, it aims to deliver attractive risk-adjusted returns. The team partners with forward thinking entrepreneurs, industrial players and public stakeholders to accelerate the energy transition, drive innovation and build long-term value (economically, socially & environmentally).
Investment process
The strategy follows a disciplined investment process including:
- Origination: Opportunity sourcing and NBO Committee review
- Portfolio construction: Investment validation, Investment Committee review, and deal execution
- Post investment: Portfolio monitoring and deal exit
Team and expertise
Based in Paris, our Private Infrastructure Equity team is led by Rodolphe Brumm, 25+ years of industry experience, and overseen by Karen Azoulay, Head of Real Assets.2
The team has extensive, varied and complementary experience in asset management and investment banking including advising, originating, structuring, and managing infrastructure deals across multiple sectors. Since 2024, it has already committed over EUR 200 million across infrastructure opportunities in Europe.3
Fully integrated within BNP Paribas’ Private Assets group, team members enjoy access to company-wide resources including our global trading and risk management platform, dedicated Sustainability Centre, Quantitative Research Group, Macro Research team, and the wider BNP Paribas network.
Investment risks
Private assets are investment opportunities that are unavailable through public markets such as stock exchanges. They enable investors to directly profit from long-term investment themes and can provide access to specialist sectors or industries, such as infrastructure, real estate, private equity and other alternatives that are difficult to access through traditional means. Therefore, any investment in private assets does require careful consideration, as they tend to have high minimum investment levels and may be complex and illiquid, as well as may be exposed to specific risks, including:
- ILLIQUIDITY OF THE SUB-FUND’S SHARES
- ILLIQUIDITY OF THE SUB-FUND’S INVESTMENTS
- CREDIT QUALITY
- LIQUIDITY RISK
- LONG-DATED NATURE OF MOST INVESTMENTS
- CONCENTRATION
- MARKET RISK
- INTEREST RATES
- FOREIGN EXCHANGE RATES AND HEDGING
For a complete description and definition of the strategy’s generic and specific risks, please refer to the Prospectus and KID.
View our other infrastructure strategies:
[1] Source: Inframation News, December 2024. No assurance can be given that any forecast, target or opinion will materialise.
[2,3] BNP Paribas Asset Management, as of March 2025.
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Important information
BNP PARIBAS ASSET MANAGEMENT Singapore Limited, “the investment management company”, is a company incorporated in Singapore with its registered office at 20 Collyer Quay, #01-01 Collyer Quay, Singapore 049319, Company Registration No. 199308471D.
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