AlbaCore, MUFG Launch European Infrastructure Debt Platform

AlbaCore Capital Group has formed a strategic partnership with MUFG Bank and Mitsubishi UFJ Trust and Banking Corporation to create a new platform designed to provide global investors with scalable access to U.K. and European infrastructure debt opportunities. 

The platform will launch both investment-grade and high-yield infrastructure credit strategies, combining MUFG’s global project finance origination capabilities with AlbaCore’s midmarket sourcing expertise. The initiative will also draw on the fundraising and investment management capabilities of AlbaCore, First Sentier Group and Mitsubishi UFJ Trust and Banking. 

While MUFG and AlbaCore will jointly guide the strategic direction of the platform, AlbaCore will manage the funds independently and retain full authority over asset selection and portfolio management on behalf of investors. 

As part of the initiative, AlbaCore plans to launch a new high-yield infrastructure credit strategy seeded by Mitsubishi UFJ Trust and Banking. The strategy will target unitranche, holding company and junior credit investments across infrastructure assets. 

For MUFG, the partnership extends the bank’s ability to originate and distribute project finance opportunities beyond its own balance sheet. 

“This partnership is designed to unlock attractive risk-adjusted returns by addressing a structural financing gap in U.K. and European infrastructure,” said Fumitaka Nakahama, MUFG’s global head of corporate and investment banking. 

The venture builds on MUFG’s broader strategy of expanding its infrastructure financing ecosystem. In late 2024, the bank partnered with DWS Group on a platform targeting approximately $1 billion in annual infrastructure and project finance transactions. 

Founded in 2016, AlbaCore manages roughly $10.4 billion in assets for pension funds, sovereign wealth funds, endowments and insurance companies. MUFG operates across more than 40 countries through its global banking network.