The fund, which could reach $1bn, will feature a $100m first-loss tranche from government institutions. It will invest in low-carbon assets, with at least 25% invested in Africa.
The New Jersey-based firm missed its target by $1.7bn but reported billions of dollars in co-investment opportunities for a North America-focused strategy.
The first close figure is the largest amount Omnes has ever raised for renewables, with its previous fund having closed on €245m.
Ex-KKR infra co-head Jesús Olmos’ year-old outfit is the exception. In reality, a significant number of LPs are unwilling to commit to first-time vehicles. Here’s why Asterion was successful.
Asterion Industrial Infra Fund I closed on its revised hard-cap and is already close to 60% invested.
Just $7bn shy of 2018's record-breaking $104bn total, the asset class again proved its attractiveness as it continues towards greater concentration and growing fund sizes.
The fund will lend money to firms offering access to clean energy solutions for both households and business in emerging markets.
The third instalment of the manager's Renewable Energy Income Partnership series sees it pair up with the National Grid UK Pension Scheme.
Having raised $1bn more for GIF II than its predecessor, AMP Capital will seek to acquire 100% of assets when investing its latest fund, a spokeswoman for the Australian fund manager said.
Our near-final numbers show a roughly $10bn decrease in year-on-year fundraising.
The French manager is targeting €500m for Infragreen IV, which has already lined up deals across Europe.
The Dutch firm has put London-based partner Paul Nash, who has been with DIF since 2008, in charge of the strategy.
The New York-based firm collected commitments from 240 global LPs, a strong sign that 'investors like the asset class, like the opportunity set,' GIP’s chairman said.
The vehicle is the Commerzbank subsidiary’s second in a series, although this time has wider European mandate than only Germany.
The vehicle has a target of €1.6bn and follows on from its €1.2bn predecessor, which closed last July.