A QIA subsidiary has invested $250m in a fund targeting the low-income housing market in the world’s second most populous country.
Having realised about 40% of its debut infrastructure vehicle, the alternatives investment manager is looking to sell all of the fund’s assets by 2019.
The Paris-based fund manager said it plans to acquire four assets from a warehouse facility when its Europe-focused infrastructure vehicle hits the final milestone.
The 20-year concession requires a €305m investment, including a €254m construction loan.
Gresham House has secured capital from the Berkshire Pension Fund as an investor in both the company and the new vehicle.
The Swedish firm wrapped up its latest fundraising effort €1.1bn above target on the back of healthy performance by its first vehicles.
The $40bn investment vehicle is looking to hire 20 people to look after investments, project management and risk mitigation.
The move comes nearly a year after the two century-old institutions formed a partnership to make co-investments in infrastructure projects.
While Infracapital has previously invested in British ports, the deal represents InfraVia’s first move in the sector.
Despite falling short of last year’s $250m investment target, the US pension said it still plans to allocate 4% of its overall portfolio to the asset class by 2020.
The country’s two renewables agencies are also working on upcoming funding rounds for energy storage schemes including pumped hydro facilities.
Chinese PPP projects, which typically provide high single-digit returns, are failing to entice private players, fresh research finds.
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The UK platform’s first vehicle for direct infrastructure investment has had its target reduced by £400m following a change in strategy by some pension funds.
After one of the Middle East's only dedicated renewable energy funds reached a first close last year, catalyst PE managing director Ennis Rimawi spoke to us about its plans for investment in the region.
The transaction, which brings the firm’s renewables debt portfolio to more than $600m, marks investors’ latest vote of confidence in the once-beleaguered Southern European market.