The US fund manager’s third global infrastructure vehicle attracted 191 LPs, about half of which were new investors.
Having used Infrastruktur I to invest in vehicles managed by Cube, Ardian and Equitix, the firm is already looking towards a successor in Q2.
.jpg?id=12885365783 "Blackstone plans infra fundraise")
The private-equity firm says it has so far deployed close to $6bn of equity in the asset class, with its president boasting returns ‘into the 40% IRR range’.
The emerging markets firm is targeting returns of up to 23% for the vehicle, which is poised to invest in an Ivorian hydro project in Q1.
The $1.5bn vehicle has allocated more than $200m to its first batch of projects, which includes an Indonesia geothermal plant and an Indian solar developer.
Inspired Evolution has also reached a $90m first close on a second renewable energy vehicle targeting $250m.
The African financer received orders totalling more than twice its initial fundraising target in a market where the Islamic financial product remains underutilised.
The new vehicle, whose remit includes listed infrastructure, is geared towards protecting investors against the prospect of rising inflation.
The Spanish developer has paid €491m to increase its stake in a company that operates nearly a quarter of the country’s toll road network.
The Canadian firm, which was aiming to collect C$600m, reached its hard-cap in little more than a year.
The firm remains dedicated to investing in infrastructure assets in OECD countries.
The Swiss firm’s energy efficiency fund has wrapped up its second investment in a matter of days after acquiring an interest in a public lighting project.
The Australian firm’s bid to buy 1.4GW of cogeneration plants from EDF was scuppered following government opposition to private fund investment.
The German-based firm says ‘strong client demand’ could allow it to raise nearly twice as much as it collected for its debut vehicle.
.jpg "Abu Dhabi launches $125bn SWF with state funds merger")
Mubadala Investment Company becomes the world's 14th-largest sovereign wealth fund.