The Blackstone unit tapped its latest real assets fund to win a competitive tender offer process run by Campbell Lutyens.
Bridging facilities are now being used not just for more efficient deal execution, but also to get proceeds into the hands of LPs quicker.
The group, including Quaero Capital and the Marguerite Fund, has secured finance from eight lenders, including from reinsurer Scor and La Banque Postale.
The $25m project is Australian impact investment manager’s largest solar deal.
The close comes as its two predecessor funds posted single-digit net returns well below the firm's 15%-17% net IRR target for its power and energy infrastructure strategy.
The fund is being led by the new infrastructure investment arm of A.P. Moller Holding and will be open for institutional investors over the next 12 months.
Airtel sold a minority stake in the telecom tower business to private investors after divesting 10.3 percent to KKR and CPPIB in March.
Six investors are vying for a majority holding in pipeline network operator DEFSA.
The investment firm buys 50% stake from DONG Energy – the second time they have teamed up for such a project.
Tasco has raised $23m in a private placement, supported by management and VinaCapital’s Vietnam Opportunity Fund.
The Oregon Investment Council plans to hire three new investment officers to focus on private equity, real estate and other alternative investment strategies.
The two foreign investors are looking to buy into the largest geothermal company in country.
The $1.2bn plant, which will be equipped with energy storage when commercially viable, is one of the largest facilities in the country.
Soaring demand for infrastructure, together with a limited supply of assets, has led to high prices and yield compression. Maven Libera director Megan Raynal explains how investors are reacting.
The move is part of Saeta Yield’s plans to expand outside Spain, which forms the bulk of its 1.1GW portfolio.