The joint venture marks a first for both: the launch of an infra business for the Bahrain-based private equity firm and a new geography for the UK-based asset manager.
The investment in a fibre network on the French island of Réunion is the first by the team formed in April last year by the former EDF Invest infrastructure arm.
The Australian firm announced its fundraising figures for the three months to end 2018 at an operational briefing, with the vast majority of new funds coming from Europe.
The US-headquartered firm’s initial vehicle posted better results in its $377m of senior debt investments than when also taking mezzanine positions into account.
New Energy Capital Partners has closed its second clean energy credit fund on its recently announced hard-cap of $500 million. The fund manager, based in Hanover, New Hampshire, said every investor that committed to its first credit vehicle – which closed on $325 million in 2017 – participated in this fundraising, leading New Energy Capital […]
The new vehicle this week added Vantage Airport Group and plans to focus its strategy on airport and airport-related investments.
The move could see the group raise up €1bn for its equity vehicle, in a diversification from its managed account investment strategy.
A $3.3 billion midstream investment and an undisclosed transportation deal are the first steps toward building what Blackstone hopes will become one of the largest infrastructure businesses in the world, the firm’s executives said. The New York-based firm announced in a statement it had purchased a 44 percent stake in Tallgrass Energy, a midstream company […]
The fund is targeting a net return of 10%, with the firm’s two previous funds both generating IRRs of about 13%.
The trading house and Mizuho Bank have already committed capital to the new vehicle, which has a target of ¥50bn and will invest in transport and energy infra assets overseas.
The new vehicle will be larger in size and broader in scope than re:cap global investors’ previous two funds.
A first close is expected in Q1 this year, with commitments from the AfDB, EIB and a South African pension fund.
The vehicle has a $1bn target and is a successor to the group’s debut vehicle which closed in June 2017.
With over $80bn raised for closed-ended funds, 2018 was the biggest fundraising year for the asset class. Find out all the details in our interactive report.
The asset management arm of Munich Re and ERGO Group has already collected €200m in a first close for the new fund.