Jordan Stutts

The 20% share in Suez Water Resources has been sold to pay down the parent company’s debt following its acquisition of GE Water last year.

The Los Angeles-based firm has stopped fundraising for an energy infrastructure vehicle and disclosed that its Highstar Fund IV is underperforming.

One investor said the original rate was ‘just not a standard hurdle’, as we take a closer look at the $5bn first close, one of the industry’s largest first closes for a debut fund.

DJ Gribbin’s appointment was announced days after the firm closed its third infrastructure fund on $7.2bn – its largest to date and the biggest raised in the sector this year.

EQT's head of US infrastructure Alex Darden talks about the fund manager's methodical approach, deep sector expertise and working with the 'right people' to capitalize on its investments.

The firm has already started investing capital from Fund III, after bumping up its hard-cap to accommodate last-minute commitments.

The $351bn pension fund’s results in the asset class exceeded the benchmark by 14.16 percentage points.

Global clean energy investments are down 1% in the first half of 2018 compared to last year, but the second quarter actually saw 8% more investment.

The firm expects its third infrastructure vehicle to raise about $7bn later this year, boosting management fees from the asset class by $80m.

Krishnan Iyer joins the Canadian company, which received backing from InstarAGF Asset Management in February to expand its district energy system business across North America.