The hard-cap for the German firm’s fourth renewables fund now sits at €750m after more than 90% of investors approved the increase.
Washington State Investment Board becomes the first major investor in the Prostar Energy Infrastructure Fund II with a $200m commitment.
Australian firm has raised $2.7bn to date, some $200m more than its previous debt vehicle secured.
The fund had a target of €1.2bn and has invested €400m into eight assets to date.
Institutions recognise the need for climate investing but not necessarily the scale required, says Climate Fund Managers CEO Andrew Johnstone.
The fund, targeting €600m, is ‘taking advantage of new market dynamics and sector opportunities’, according to LBPAM.
While the majority of the fund’s LP base is European, the APAC region was also well represented with 41% of investors coming from the region.
The Swiss manager is seeking up to $1.5bn for its first infrastructure equity vehicle since 2015.
The new fund, the eighth in the Clean Energy Infrastructure series, marks a slight shift in strategy towards targeting electric-vehicle infrastructure and grid support.
Investors in the vehicle, which is targeting a €250m close by the year end, include French pension funds and the European Investment Bank.
Group’s third fund has reached €850m following its launch in 2017 and will for the first time target offshore wind assets.
Pension funds from the US and Europe make up the largest portion of LPs committed to Digital Colony Partners, which has already deployed nearly $1bn.
Claiming investment needs ‘can’t be met by a handful of institutional investors’, the Swiss asset manager is offering its open-ended listed fund to retail investors.
Group’s debut fund is targeting €2bn and gross returns of at least 15%.
Once fundraising kicks off, CGN’s private equity arm and the infra-focused investment firm will look to divest the portfolio of their first renewables vehicle, the 2015-vintage CGN Capital Partners Infrastructure Fund III.