Jordan Stutts
According to public pension documents, Blackstone is seeking to raise $7.5bn of equity over a nine-month period, which will be matched with money from Saudi Arabia’s Public Investment Fund.
The firm acquired a US wind portfolio investing from its inaugural fund, which is currently targeting between $1bn and $1.5bn.
The commitment to Montreal-based eStruxture boosts its funding to $145m as it pushes to expand across the country.
David Giordano, MD of the firm’s Renewable Power Group, says GRP II will be totally invested by the time wind benefits end next year.
The London-based infrastructure fund, which is close to its $1.35bn fundraising target, has partnered DCO Energy in the deal for the assets in Connecticut, Delaware and New Jersey.
The former US Transportation Secretary, recently hired to lead Related Fund Management’s new infrastructure programme, answers five questions about the fate of US infrastructure.
The firm’s fourth energy infrastructure fund raised three-quarters of its $2bn target between September and December, as it races towards its hard-cap.
The US midstream sector continues to roll in 2018 after numerous billion-dollar deals last year.
The deadline for financial proposals for a light rail PPP was pushed back after the US government passed sweeping legislation.
Less capital was raised and fewer funds closed this year, but they packed a bigger punch than in previous years.