In brief: Lazard makes first investment from infra fund

Lazard Asset Management has started investing its sustainable private infrastructure fund, inking an investment in DBE Energy, an anaerobic digestion plant in Surrey in the UK. DBE produces renewable gas from organic waste and supplies it to the National Grid for commercial and domestic use as a carbon neutral alternative to fossil gas.

Lazard launched its private infrastructure investment business, including its first Lazard-managed private fund, in July last year. While this is the firm’s first push into unlisted infrastructure, it has $14 billion of investments in listed infrastructure.