Investment arms of Hong Kong’s richest man are proposing to take over the Australian energy asset manager five months after CKI’s attempt to buy a grid Down Under was rejected by the government.
Kim Thomassin’s energy and infrastructure background will help the Canadian pension manager continue its push into the sector.
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The $360m commitment is part of New York’s goal to generate 50% of its energy from renewables by 2030.
After spending 16 years at Hastings Funds Management and joining Carlyle last year, Taylor will work alongside Andrew Marino at the US firm’s infrastructure division.
The Italian group is betting on the 'strategic intersection' of renewables production, energy storage and management systems through its purchase of the US company.
The project, in which Infracapital and InfraRed are equity investors, has been given the green light by former Energy Minister Charles Hendry after a seven-month assessment.
The 12-year vehicle, which has a €2.9bn target, hit the milestone thanks to commitments by the likes of OPERF and the New Jersey Division of Investment, which manages seven pensions.
The emerging market specialist returns to Pakistan for a debut in the healthcare sector, after agreeing to sell its stake in local utility K Electric for $1.8bn last October.
.jpg?id=19327359657 "Bank of America helps Vivint Solar raise $303m")
Still rebounding from a botched buyout by SunEdison, the residential solar provider agreed to a $203m debt agreement and a $100m tax equity investment.
The commitments mark the pension fund’s latest vote of confidence for the asset class, which now make up nearly 2% of its assets under management.
The firm was backed by more than 50 LPs and expects to seal its next deal within the next couple of months.
The exit by Beijing Enterprises Water Group, a portfolio company of Khazanah Nasional and IFC, is a sign that further consolidation may be in the cards in China’s water sector.
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The Australian bank has come under intense scrutiny over its bid for the Green Investment Bank while rival bidder SDCL remains hopeful.
Construction firm NDI exercised its pre-emption rights to become the largest shareholder in Poland’s A1 motorway concessionaire.
Developer Atlantis Resources, which is already backed by Equitix for its flagship tidal project, is looking to diversify into interconnectors, pumped storage and floating wind assets.