The independent fund manager has followed the appointment of veteran banker Iain Macleod with a new director of finance and new investment associates. iCON is thought to be roughly halfway through a €500m fundraise expected to wrap up later this year.
The US-based fund, which raised a $1.2bn energy infrastructure fund last year, teamed up with Crescent Capital and ACWA Power to acquire the 60MW photovoltaic plant from SunEdison.
Solar Investment Group has recently started raising the Real Asset Energy Fund, targeting investments in mature renewable sectors mainly across Europe and North America. The 25-year vehicle aims to pay an annual dividend of between 8% and 10% per year.
Following the latest acquisition of two wind farms in France, the funds that fuelled a partnership between Cube Infrastructure and Boralex Europe have now been exhausted. A cash-for-equity deal leaves Cube with a 25% holding in Boralex Europe.
The Australian developer has sold its 50% stake in the University of Sheffield PFI project to the Lend Lease UK Infrastructure Fund – in keeping with its strategy of using the fund as a means of recycling capital from successful projects.
The Dutch infrastructure fund manager has acquired the 50% of the £55m University of Hertfordshire project it didn’t already own. The seller was Carillion.
The infrastructure arm of the Swedish private equity firm has recently reached a first close for Fund II after less than six months on the fundraising trail. EQT is targeting a €1.5bn final close for its second infrastructure fund.
The investment management arm of the global insurer has poached a team of executives from Trifinium Advisors, led by Deborah Zurkow, to provide its institutional clients with access to infrastructure debt. The focus will, initially, be on Europe.
The European Union-focused infrastructure fund paid €24.5m for a 45% stake in a shadow toll road in Spain, described as ‘an important North-South corridor in Spain’. Marguerite has so far invested over €100m across four projects.
The concessions arm of Isolux Corsan has completed a €600m capital raise. The lion’s share came from Canada’s Public Sector Pension Investment Board, with the Spanish developer contributing €100m.
JP Morgan Asset Management’s newly minted Infrastructure Debt Group helped broker the deal, which saw PensionDanmark pick up a portfolio of UK project finance loans for 83.5% of its value. Bank of Ireland was the seller.
The Toronto-based asset manager has acquired the 45.45% of Chile’s Vespucio Norte toll road it didn’t already own for €230m.
Utilities Trust of Australia has bagged its first close of the year with commitments from new and existing investors. The unlisted fund has existed since 1994 and has a market cap of A$2.6bn.
The London-listed infrastructure investment firm has agreed to acquire interests in eight Building Schools for the Future projects from Carillion Private Finance. The latest deal stems from INPP’s takeover of a government investment arm in August last year.
The French fund manager is the largest shareholder in the consortium that has just closed the €2.28bn Nimes-Montpellier high-speed rail line – the last PPP in France’s ambitious high-speed rail programme – backed by a club of 13 banks.