Cezary Podkul

The exit, which was made in light of Romanian regulatory changes on the horizon, came as a ‘disappointment’ to the renewable energy-focused private equity firm, which had looked forward to building the largest wind farm development in Europe.

Abu Dhabi, Ithmaar and Gulf Finance House are reportedly looking to raise three private equity funds, including one focused on infrastructure, that seek to mitigate the region’s increasing food and energy costs, coupled with challenges arising from climate change and rapid development.

Exploring alternatives to plug the state's projected budget shortfall for transportation projects, the US state's executive and legislative leaders are examining the possibility of creating a Texas-focused transport infrastructure fund.

The $5m deal marks a significant investment in a country that is still largely uncharted territory for private equity capital. The investment was made from Aureos' South Asia Fund, which has more than $122 million of committed capital.