One of real estate’s most popular ownership vehicles has found a niche within infrastructure in the past decade. But will the troubles of the last year scare off investors, or will the clarity brought by regulatory rulings bring more into the space?
The €1.2bn fund’s predecessor made similar investments in Norway, Germany and Belgium.
The Hong Kong-listed fund manager has recently acquired an undersea cable project in Hong Kong as the second seed asset for its overseas vehicle.
Bearkat I in Glasscock County, one of two Texas wind farms acquired by Copenhagen Infrastructure Partners last summer, is expected to be operational by the end of 2017.
The £5bn pension has split the £100m allocation it put up for tender in November between two managers after receiving 22 offers.
The London-listed fund has raised £110m, to be deployed into a pipeline that includes an onshore wind farm and a battery storage project.
There is plenty of capital to be raised from Asia, managers say. But fundraising there requires a lot of legwork.
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The UK firm has pocketed €26.2m from the sale of its interest in the asset, which was acquired by two of the project’s existing shareholders.
The two sovereign wealth funds are plugging more equity into the Indian renewables developer about six months after it acquired a $392m portfolio of solar assets from SunEdison.
The two Canadian pensions have created companies that will purchase and install at least 2.7 million devices to help with the UK government’s energy efficiency initiative.
The pair has acquired 10.3% of Bharti Infratel, the telecom tower subsidiary of India’s largest telecom operator.
The milestone comes two months after the Dutch firm reached a €215m first close on its core infrastructure fund.
The $28.5m transaction will see the Singapore-based fund manager exit from an investment it made in 2014 through its $100m third Asian infra vehicle.
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The Philadelphia-based firm already manages $5bn of energy-related assets.
The $300bn Chinese insurer boosted its allocation to alternatives by as much as $5.5bn and dropped its exposure to bonds, stocks and debt investments.