Anton Pil, managing partner of the firm’s $130 billion global alternatives business, argues the real story in US infrastructure is not the one stealing the headlines, but rather how monetary policy could deeply impact the asset class.
See how much each of the world's top 50 firms have raised over the last five years ($m).
The unit is looking to fund up to 300MW of solar projects in India, under a partnership with UK solar developer Lightsource Renewable Energy.
The Nordlicht wind farm in Norway was guaranteed by the country’s export credit agency in a move seen as ‘crucial’ to ensure the project’s financial close.
The vehicle will target around $5bn, as Fund II, closed in 2015, still has $1.82bn of uncommitted capital.
The firm held a first close on $300m in August.
ATLAS Infrastructure, a new firm registered in both Australia and the UK, is seeking third-party capital for its UCITS fund, which the GIP partners have also seeded.
Michael Hannibal’s move comes a few weeks after the Danish firm opened up its latest office in Taiwan.
Nine LPs have committed towards the vehicle’s £500m target, as the firm mulls investing outside of the UK.
While Q3 fundraising fell well short of last year’s record-breaking total, Infrastructure Investor data shows diversification of opportunities amid success for first-time funds, which may hint at a new dawn for infrastructure capital.
The pair will retain the ongoing legal costs of their case against the Norwegian government after selling to private equity-backed CapeOmega.
The investment comes from the New York-based firm’s second $5bn fund, which is nearing a $3.5bn first close.
The investment alongside PSP Investment and China Investment Corporation is said to be ‘the largest renewable energy generation acquisition in history’. The deal is part of GIP’s $15.8bn Global Infrastructure Partners III fund and its second renewables investment following its €1.2bn deal for a 50% share of the 450MW Borkum Riffgrund 2 offshore wind farm off the German coast.
The money, split between outside and existing SMA investors, would add to the PFI’s $20bn anchor commitment
The deal marks the second investment of the group’s third fund, both of which have been in the social infrastructure sector.