The firm’s third and largest vehicle of its kind is targeting capital from domestic institutional investors.
The firm’s fourth energy infrastructure fund raised three-quarters of its $2bn target between September and December, as it races towards its hard-cap.
The vehicle has already secured $75m of commitments, with the manager expecting domestic LPs to contribute 40% of its $1bn target.
The firm’s third fund is targeting £1.5bn with a £1.8bn hard-cap.
Now that the dust has settled, we can reveal that infra strategies raised just shy of $58bn last year. Find out the most popular strategies and biggest funds.
GLP China is the first firm to issue B&R bonds following a late December issuance by the China Development Bank.
The California-based real assets firm has released no target or cap for its latest fund, which comes a decade after its first infra vehicle.
The firm expects the renewables-focused fund to pass its €3bn target by its March final close. It already has 29 investors from Australia, Israel, the Netherlands and Norway.
The vehicle has a $150m commitment from the Minnesota State Board of Investment and held a first close last week.
The experienced infrastructure fund manager has closed its inaugural debt vehicle above target.
Less capital was raised and fewer funds closed this year, but they packed a bigger punch than in previous years.
The fund manager is creating the largest investment fund focused on the region, surpassing its previous $2.3bn vehicle.
Tri-Pillar Infrastructure Fund, led by an ex-JLIF co-founder, has postponed fundraising following the breakdown of a deal negotiation.
Commitments from PSP and GIC helped the Italian group sign on a first close and it expects to increase the vehicle to €3.3bn in early 2018.
The new vehicle is aiming for at least 75% to be invested in the energy transition and has already made three investments worth €90 million in total.