staging
energy
There has been a structural shift in how LPs are allocating funds to energy-focused vehicles, moving away from upstream and paying closer attention to renewables and sustainable strategies.
Table Mountain, Cape Town, South Africa
African Infrastructure Investment Fund 3, which was aiming for $750m, is over 50% committed as it nears its 10th investment.
Sources warn of diminishing support from export credit agencies as the country steps ups its localisation requirements.
The real estate firm and digital infrastructure manager raised a fund together which closed on $4.05bn in June.
Japan's GPIF has increased its commitments to FoF mandates as it mulls primary infra fund investments
The worldโ€™s largest pension fund has increased its commitments to fund-of-funds mandates from ยฅ50bn to ยฅ148bn in one year.
The vehicle is being led by Hong Kong-based Hajir Naghdy, who joined from Macquarie Capital at the end of last year.
Can the US manager, its fundraising muscles flexed, establish itself in infra the way it has in other asset classes?
The Shard London
Jonathan Ord began his tenure in March but has returned to his previous role at the Local Pensions Partnership.
BlackRock has acquired a North American solar and energy storage business that was launched in 2012 as a GE subsidiary.
The New York-based firm is currently raising its third renewables vehicle after closing on $1.65bn for its second in 2017.
The Swiss group has garnered โ‚ฌ149m to date for its second energy efficiency fund, which has already made seven investments.
Brookfield will acquire a portfolio of telecom towers in India, valued at $3.6bn, through an infrastructure investment trust set up by their current owner Reliance Industries.
The assets, valued at $3.6bn, will be acquired through an infrastructure investment trust set up by owner Reliance Industries.
The sale, from its first Public Infrastructure Partners Fund, is expected to generate strong returns in what's seen as a hot PPP market.
Solar panels
The vehicle is targeting high single-digit returns and will focus investments mostly in Europe.
The 20-person panel, which also includes figures from LGIM and Aviva Investors, will advise the UK government on private investment without the EIB.
Infrastructure, private equity, real estate and private debt have raised a collective $371bn during the first half of the year.
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