The Korean public pension plans and insurer eye infrastructure opportunities in North America region.
The industry reacts as the UK election produces no outright majority for any party, generating uncertainty for Prime Minister May and the country’s infrastructure pipeline.
The firm had previously agreed to invest $1.3bn in the Hohe See wind farm, set to be the largest in the country.
The investment was made by Gravis Capital Partners’ Asset Backed Income Fund, following a recent share issue.
A major hurdle standing in the way of Brookfield’s $2.5bn purchase of TerraForm Global and Power was cleared when a court approved a settlement between SunEdison and its yieldco.
Strong appetite from Chinese, Japanese and Taiwanese institutions is resulting in tighter funding costs for issuers, according to the bank.
Three South Korean institutions will invest $150m in the vehicle through a platform run by a local asset management company.
The fresh equity issue builds on the fund’s first open offer in four years held in March as it seeks to finance its investment pipeline.
More than five years after acquiring the Houston Fuel Oil Terminal Company, the firm has sold the business to Oklahoma-based SemGroup.
The Investec-managed Emerging Africa Infrastructure Fund is helping finance the $76m project with a capacity of 40MW, which will provide 4.8% of the country’s current generation capacity.
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The bid comes as the US buyout firm is looking to launch its third infrastructure vehicle with a $5bn target this year.
The US president outlined his vision at a speech in Cincinnati on Wednesday, part of the administration’s ‘infrastructure week’, but looks unlikely to bring Democrats in Congress on board.
The US public pension committed $200 million to infrastructure.
The IFC, which has stepped up its operations in the country since the 2016 election of President Mauricio Macri, is backing a $400m modernisation programme in Buenos Aires.
Bidders for the $800m scheme, which would run under parts of the capital region, include companies from Spain and China.