Matthieu Favas
The 12-year vehicle, which has a €2.9bn target, hit the milestone thanks to commitments by the likes of OPERF and the New Jersey Division of Investment, which manages seven pensions.
The firm was backed by more than 50 LPs and expects to seal its next deal within the next couple of months.
Thirteen infrastructure and energy-focused vehicles were established in the last quarter, which was otherwise a slower period on the fund closing front.
Buyout firm Ciclad and the holdings of a French entrepreneur have also acquired the rights to run the port of Rouen, reportedly trumping a rival offer by Eiffage.
Analysis by a UK non-profit expects a ‘cliff-edge’ between 2017 and 2020 due to a shrinking pipeline of projects.
2017 could be a pivotal year for the world’s infrastructure markets. Here, we list what some of you are probably hoping to see in the wake of 2016’s surprises.
.jpg?id=12885363847 "Bahrain-based fund snaps up UAE utility stake")
Abu Dhabi’s Ghantoot Group will reap $147m from selling part of Utico to ASMA Capital, a manager backed by the IDB and two Saudi institutions.
Funds raised in the 2000s are reaching the end of their lives, but not every LP wants its money back. In 2017, innovative structures will continue to be created to keep the remainers on board.
The new vehicle will be used to acquire assets, including Belfast City Airport and a UK utility, from an EISER fund that is nearing the end of its life.
The firm has divested 14.3% of the business, which it originally invested in in 2005, through what it described as an ‘over-subscribed offering’.