Jordan Stutts
Despite a clear need and high growth potential, investors have not backed the energy storage sector in large numbers, partly due to a lack of standardised contracts, finds Jordan Stutts.
The firm has topped the $3.5bn fundraising goal for its Macquarie Infrastructure Partners IV vehicle and has yet to hold final close.
The clean energy developer agreed to a natural gas development partnership with AMP Capital and received an increased investment in its renewables business from CDPQ.
Boe Pahari, AMP Capital's global head of infrastructure equity, explains the difference between mid-market and large-cap fund managers and his firm's view on thematic investing.
Sources confirm the manager is considering raising an infrastructure vehicle next year.
Martin Klepper will help the Canadian firm expand its portfolio in the US.
Steven Sonnenstein, who resigned from the Canadian pension in March, becomes managing director as the firm’s inaugural $3bn fund nears target.
The US manager - which has just clinched a US transportation deal - may increase the vehicle’s limit to $7.2bn, as it eyes a final close this quarter.
The Canadian fund manager has launched a ‘perpetual’ infrastructure fund to cater to investors looking for fixed-income alternatives.
The agreement with the Canadian energy company gives CPPIB a 49 percent stake in North American and European renewables assets as well as a plan to jointly develop more.