The deal marks the second investment of the group’s third fund, both of which have been in the social infrastructure sector.
Infram Energy, which launched earlier this year, now has more than 95MW of capacity in its portfolio.
The Q3 Fundraising Report takes a close look at key fundraising data from the year so far. While Q3 fundraising fell well short of last year’s record-breaking total, the diversification of opportunities amid success for first-time funds may hint at a new dawn for infra capital. View the report now to find out more.
The flotation would place a £6bn valuation on the British telecoms company owned by CPPIB, MEIF2, IFM Investors, First State Investments and MTAA.
While Q3 fundraising fell well short of last year’s record-breaking total, having a debt fund raise the most amount of capital amid success for first-time funds may hint at a new dawn for infrastructure capital.
The firm’s third infrastructure vehicle is expected to reach its $7bn hard-cap in early 2018, with Fund II close to being fully invested.
.jpg?id=12885365783 "Blackstone eyes $10bn additional raise for infra vehicle")
The money, split between outside and existing SMA investors, would add to the PFI’s $20bn anchor commitment
A second core infra vehicle will help broaden its LP base, while the planned Eurofideme-4 will seek to finance the wider energy transition.
While Q3 fundraising fell well short of last year’s record-breaking total, the diversification of opportunities amid success for first-time funds may hint at a new dawn for infrastructure capital.
The Sydney-based firm already has stakes in hubs in Melbourne, Launceston, Newcastle Airport and Budapest.
The debut infra vehicle is targeting €700m, which will be deployed across Europe over two years – but it is likely to avoid the UK due to currency risks.
When defined appropriately, listed infrastructure can provide access to unique total-return opportunities with diversifying characteristics.
The firm’s third infrastructure vehicle is expected to reach its $7bn hard-cap in early 2018, with Fund II close to being fully invested.
After previous Europe-focused vehicles of €150m and €350m, the firm is now looking at the US clean energy market.
Abu Dhabi move is the first institutional commitment to the $6bn vehicle, with six domestic players to follow.