Essential for a sustainable portfolio
Infrastructure, an offer predictable cash flow that’s insulated from cyclical economic downturns. For investors, it’s a steady, long-term asset, with a long-duration yield.
Robust returns
Infrastructure assets are split into three categories: transportation, energy & utilities, and digital. This full-sector approach can maximise resilience for investors and offers long-term stability with low demand elasticity.
Essential services
One word – essentiality – underpins our approach to infrastructure investing. We identify assets that provide essential services, such as mass transportation or communications networks, and work transparently to finance their delivery.
Highly diverse
Our infrastructure arm now manages more than 200 debt investments spanning digital, energy, social, transportation and utilities. In total, we have c. €29 billion in infrastructure assets under management .1
- Source: BNPP AM Alts data as at 30 September 2025
Debt and equity
Investments are made across the capital structure for our global clients. Our international team of experts can access the right opportunities – debt or equity – to deliver robust, risk-adjusted returns.
A leader in infrastructure
invested in European Infrastructure
of combined experience among our infrastructure investment leaders
debt investments since 2013
equity investments since 2017
Infrastructure debt capital raiser worldwide
Learn more about our 360° infrastructure platform.
Leaders in infrastructure
Equity investments
Evergreen, Core/Core+ long-term investment approach which aims to build and scale European infrastructure assets, delivering risk-adjusted returns that are underpinned by diversification, inflation protection and cashflow
Debt investments
Providing diversified returns with strong inflation protection by selectively sourcing transactions in both the primary and secondary markets from banks, corporates and other institutions
UK onshore wind farm
In 2020, we closed a major investment in a leading onshore wind farm company in the UK. It operates 35 onshore farms, delivering revenue under medium- and long-term Power Purchase Agreements.
Delivering growth
The company benefits from a large portfolio of mature and reliable technology. Operating margins continue to grow, as added efficiencies are delivered through economies of scale, which means on-going revenue growth.
Risk Warning
No assurance can be given that our strategies will be successful. Investors can lose some or all of their capital invested.
Disclaimer
This marketing communication does not constitute on the part of BNP Paribas Asset Management a solicitation or investment, legal or tax advice. This material does not contain sufficient information to support an investment decision.
Due to its simplification, this document is partial and opinions, estimates and forecasts herein are subjective and subject to change without notice. There is no guarantee forecasts made will come to pass. Data, figures, declarations, analysis, predictions and other information in this document is provided based on our state of knowledge at the time of creation of this document. Whilst every care is taken, no representation or warranty (including liability towards third parties), express or implied, is made as to the accuracy, reliability or completeness of the information contained herein. Reliance upon information in this material is at the sole discretion of the recipient. This material does not contain sufficient information to support an investment decision.
Companies or assets are shown for illustrative purposes only and should not be considered as advice or a recommendation for an investment strategy.
ESG Disclaimer
The ESG data used in the investment process are based on ESG methodologies which rely in part on third party data, and in some cases are internally developed. They are subjective and may change over time. Despite several initiatives, the lack of harmonised definitions can make ESG criteria heterogeneous. As such, the different investment strategies that use ESG criteria and ESG reporting are difficult to compare with each other. Strategies that incorporate ESG criteria and those that incorporate sustainable development criteria may use ESG data that appear similar but which should be distinguished because their calculation method may be different.
AXA IM and BNPP AM are progressively merging
AXA IM and BNPP AM are progressively merging and streamlining our legal entities to create a unified structure
AXA Investment Managers joined BNP Paribas Group in July 2025. Following the merger of AXA Investment Managers Paris and BNP PARIBAS ASSET MANAGEMENT Europe and their respective holding companies on December 31, 2025, the combined company now operates under the BNP PARIBAS ASSET MANAGEMENT Europe name.