South Korea’s sovereign wealth fund is reportedly attempting to nearly double its assets under management by 2020, its chief executive officer said at its anniversary ceremony this week.
The two countries’ sovereign wealth funds will inject another $1bn into an existing Russia-focused vehicle, which also looks to raise $2bn from third-party investors.
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The news comes less than a year after the Canadian pension announced the group's formation and appointed its first global head.
Almost triple the size of its predecessor, the vehicle will look to invest across OECD markets and seek net returns of between 9% and 10%.
Formed in May, the unit helmed by William Barry aims to capture the premium generated through de-risking African renewables projects.
Backed by five debt providers, the funds will be used to expand two airports on the island won in a concession in 2015.
The new hub at Jewar is expected to complement the existing Indira Gandhi International Airport as air traffic grows rapidly in the capital region.
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The sovereign fund says heightened competition has pushed investors towards emerging markets and blurred boundaries with private equity.
The second infrastructure vehicle to target the region is seeking double-digit returns from an expected 10 investments.
The German asset manager has enlisted support from four European institutions as it advances towards its €500m target.
The 288MW greenfield project will be the largest of its kind in Sweden and is the first ramp-up of HgCapital’s renewables activities in four years.
The $380m project is the latest stage of a near-$1bn effort to expand the hub, which is backed by the likes of QIC, Colonial First State and IFM.
Four-fifths of the region’s insurance companies intend to increase exposure to the asset class over the next three years, according to a survey, with infrastructure debt deemed particularly attractive.
Exclude the industry’s largest fund and first-half fundraising goes from a record-setting performance to the worst H1 since 2012.
The deal comes just days after the manager acquired a set of wind farms and builds on its holdings in two sizeable oil storage and pipeline assets.