Fundraising

NextPower II has invested across 45 solar sites in Italy, but its successor will have a global reach.

The German manager’s €500m ESPF4 vehicle has added five investors and expects to complete fundraising by the end of the year.

As head of the group’s newly established infrastructure business, Grant Dooley is planning to build a five-strong core team in the short term and launch its maiden vehicle this year.

The vehicle remains open to new commitments but is no longer being marketed to new investors.

The first close total will include money committed from Saudi Arabia’s Public Investment Fund.

The firm is eyeing a first close in June, following backing from industrial partners, as it focuses predominantly on European greenfield.

Our interactive analysis breaks fundraising down by strategy, sector, fund size and region, among others, with the report downloadable as a PDF file. Plus, don't miss our interview with Hostplus head of infrastructure Jordan Kraiten.

The fund is the latest London-listed infrastructure offering to stall as the sector suffers from perceptions around the Labour party’s policies.

The US private equity firm plans to invest its second midstream fund, which closed in March on $750m, in what it describes as ‘in-basin’ infrastructure.

The fund has a target size of €100m and is eyeing returns in the ‘mid-single digit’ range.

The real estate investor’s debut digital infrastructure fund, in partnership with Digital Bridge, is on track to beat its fundraising target.

The fund has committed to offshore wind projects in Taiwan and Australia, as well as geothermal sites in Germany.

Hostplus CIO Sam Sicilia says that high-level talks have already taken place as agriculture becomes relatively less risky.

With our preliminary figures showing just over $10bn raised, the first quarter of the year is a far cry from the $31bn closed in Q1 2017 - even discounting GIP III's record haul.