The manager’s Community Infrastructure Fund has acquired the remaining 50 percent it did not already own of Riverland Water, a company in which it first invested in 1996.
The asset manager has acquired a 49% stake in two Scottish wind farms owned and operated by Fred Olsen Renewables.
GAMMA Capital Management’s Valdimar Armann outlines the country’s multibillion-dollar infrastructure opportunity.
The 286MW facility has a power-purchase agreement with a local utility that expires in 2036.
The vehicle booked over £1bn in re-ups, with 40% of new commitments coming from Asian investors.
The vehicle, which was originally targeting €1.5bn, has already invested in seven assets, with a further two deals to be closed soon.
The firm is rebranding the 2.2GW portfolio of power assets as Saavi Energia.
The NY-based fund manager will acquire IDFC Alternatives’ infrastructure business, which will be rebranded as GIP India.
NextPower II has invested across 45 solar sites in Italy, but its successor will have a global reach.
CGN Private Equity is getting 20%-plus returns from operating renewable assets, but CEO Raymond Fung warns there’s only a five-to-seven-year window before these assets get commoditised and Chinese capital catches on to the opportunity.
The German manager’s €500m ESPF4 vehicle has added five investors and expects to complete fundraising by the end of the year.
Raymond Fung, chief executive of CGN Private Equity, tells us on how the world’s largest renewables market is moving towards a more distributed model in the next few years.
The firm made the commitment through Macquarie Infrastructure Partners IV, which is targeting $3.5 billion.
As head of the group’s newly established infrastructure business, Grant Dooley is planning to build a five-strong core team in the short term and launch its maiden vehicle this year.
Glen Matsumoto, head of infrastructure at Actis, predicts investors that are already not targeting these assets will be doing so in the next three-to-five years.