The commitments from the Canadian pension and Australian superannuation fund bring NIIF’s Master Fund to its third close on more than $1.8bn.
A number of factors are pushing investors to seek outside help in sifting through their fees, expenses and carried interest payments.
The deal is the first by Macquarie Capital since Oliver Bradley returned to the group as managing director for digital investments.
Most of the EIAs local firms have launched are located in the selected areas, a source said.
The deal comes as the French firm is raising its fourth flagship infrastructure fund.
The proposed cuts, to be imposed from 2021, are 'harsher than what we were expecting', according to ratings agency S&P.
On its Q2 earnings call, KKR CFO Bill Janetschek detailed the way the firm handles credit facilities
The share of PE firms that removed the hurdle rate doubled in 2019, while only 60% of funds are sticking with the standard 8% preferred return.
The acquisition of a 95% stake in the renewables division of chemical manufacturer Swancor, includes a stake in the 376MW Formosa II project.
Three high-profile firms have recently launched fundraises that will focus exclusively on the sector, underlining a growing trend in the asset class.
The investment by the Singaporean SWF brings the total invested in the pipelines by the trio and an Abu Dhabi pension to $4.9bn.
In making the switch, the firm follows in the footsteps of its listed peers KKR, Blackstone and Apollo Global Management.
The firm, which is gearing up to launch its three largest funds, expects AUM to ‘compound significantly’ on the back of increased distribution efforts and more mature track records.
The fund is targeting $1.25bn and is expecting a first close between $700m and $900m.
The Munich-based fund manager launched the infrastructure vehicle earlier this year with a €500m target and raised two-thirds of its capital from German investors.