The revamped company will add an advisory practice to its armoury, helping governments establish similar green banking platforms.
Axium Infrastructure and Engie will manage and improve systems at Ohio State University’s 485-building campus.
The buyout firm has acquired Harvest Fund Advisors, which focuses on MLPs and manages about $10bn.
The firm’s chief executive said infrastructure and renewables vehicles, which would serve as “fixed-income alternatives”, could each top $50bn.
The government looks to accelerate the development of smart grids and distributed renewables power generation.
The Canadian investment manager backed an Asia-focused fund.
It is the second time a bid to sell the Australian fund manager has broken down, although owner Westpac remains keen to divest.
Bidders include a consortium led by Oaktree, which has already had a deal rejected by the county’s Board of Legislators.
Grupo Argos said the sale has generated 2.5 times the amount it invested in the business in 2012.
Rupali Gupta was previously a director for seven years at India’s IDFC Alternatives.
The NSW government is looking for A$1bn worth of project proposals to build new sports facilities in the region, which it will back via a dedicated fund.
The $676m project, set to be the largest of its kind in Australia upon completion, is owned by a vehicle established jointly by QIC and AGL last year.
The order will reportedly undo a 2015 restriction aimed at raising standards to prevent flooding damage.
A coalition of firms working on a 450MW project has warned the RSPB its Supreme Court move could divert investment elsewhere.
The move, made alongside Swiss Life, lifts the firm into the top five solar operators in Italy, owning a portfolio of 143.5MW.