In January 2019, we have announced the successful closing of our first infrastructure co-investment fund with a volume of c.€336m. While the successful closing will gradually bring us closer to investing directly in companies over the next years, our co-investments to date are still structured in a way that we invest via third party fund structures. A successor fund of the vehicle will be raised over 2020-21.
Moreover, we are in early stages of fundraising for an Emerging Markets' Impact fund and do hope to raise the fund over the next 12-24 months; i.e. we will start reporting in the fund management category as part of the 2021/22 reporting cycle.