%2080.jpg "Unpacking the CalPERS decision")
A thoughtful response by Ed Krapels, founder and CEO of Anbaric, to our editorial comment on CalPERS’ newly found favour for separate accounts.
Production tax credit extensions for the US solar and wind industries spurred I Squared to acquire Lincoln Clean Energy.
The transaction includes acquiring the land beneath the power generating facility, building a natural gas pipeline and increasing BEC’s generating capacity.
The extra funds allocated by Nordrheinische Ärtzeversorgung take Golding Capital Partners’ infra funds under management past €1.5bn.
It took only six months for the US firm to reach a first and final close on its sophomore vehicle.
The vehicle is targeting €250m and will mix primary and secondary fund positions with direct co-investments.
The French fund manager has brought in €900m from first-time LPs with re-ups from existing investors exceeding the €1.45bn raised for its previous fund.
The milestone allows the Luxembourg-based fund manager to launch its second vehicle with a first close expected early this year.
The 41MW solar project is part of a 82GW pipeline approved by Tokyo under its feed-in tariff scheme.
Oil and gas investor Five Point Capital has launched WaterBridge Resources to pursue water projects for upstream producers.
Nearly 50 investors have backed the vehicle, whose first asset will be Russia’s $27bn Yamal LNG project.
The Hong Kong-based asset manager has already secured two soft commitments for the vehicle, which will focus on brownfield assets including airports.
The Carlyle-owned firm is also giving up its plans to raise a dedicated energy and infrastructure secondaries fund, instead rolling its efforts into its broader secondaries business.
The partnership between SunEdison and JP Morgan Asset Management has acquired a 33% stake in a 336MW portfolio.
The Vietnamese firm’s maiden renewables offering, a $40m vehicle focused on Southeast Asia, is now fully deployed.