The Tri-Pillar Infrastructure Fund will target greenfield and brownfield investments in both Europe and the US, with an expected IRR of between 8% and 10%.
Overseas investors are behind 50% of the commitments for the vehicle targeting returns in the mid to high teens.
The final close for the new strategy, launched last September, comes as DIF prepares to raise more than €1bn for its flagship Fund V before the year is out.
The vehicle secures tie-up with local provider BBE and Chinese firm ZTE to finance fibre-optic network in Bretten.
State agrees joint venture to meet renewable energy targets, with Dutch Infrastructure Fund reported to be in pole position to underwrite the scheme.
The UK-based asset manager is launching a strategy that will invest in social infrastructure PPPs across the continent.
The £35m investment in WightFibre has also been supported by the firm’s greenfield fund, its third broadband investment.
The fund had been targeting proceeds above £75m to partly finance its maiden deals Down Under. But a spokeswoman indidcated its top investors might have over-allocated in past share placings and may 'not yet be comfortable' with the fund's Australian investments, its first outside of the UK.
The $25m solar project, financed solely by private debt investment, is expected to be a seed asset for Impact Investment Group’s next solar fund.
The new and existing shareholders of Cube Highways look to commit another $1bn to acquisitions in India.
The new vehicle – which could end up raising more than €4bn – will be seeded with MIRA’s UK gas distribution investment.
Proceeds will be used to buy a US-based portfolio of projects with 130MW capacity, while other potential acquisitions are under review.
The vehicle is targeting $2.5bn and is expected to hold a final close sometime next year.
Switzerland-based asset manager Capital Dynamics has bought two wind farms in the UK with a combined capacity of 21.1MW. The projects were acquired from Airvolution Energy, the developer with which CapDyn agreed a funding deal in 2014 for over 140MW of onshore wind sites. The latest acquisitions include the 8.6MW Airfield project and the 12.5MW […]
The top 50 infrastructure managers in the world are raising more money than ever, with Macquarie holding strong at the top of a $316bn cash pile.