Zak Bentley
The annex fund was raised amid a rising opportunity set in energy transition, according to managing partner Reuben Munger.
Inflation-linked contracts could be the next regulatory hurdle for GPs, rather than the panacea they are sold as.
The US pension plan’s CIO also lauded the role of globally listed infrastructure as a route going forward for the Illinois fund.
This year’s volatility saw little effect on fundraising. That may come to change as a host of megafunds arrive in 2023.
Over a decade on from the ill-fated Solyndra episode, the US Department of Energy’s loan programme is back. Jigar Shah, the clean energy pioneer, who now leads it, explains how.
As continuation vehicles become more common in infrastructure, LPs are putting such structures under the microscope.
Launched earlier this year, Macquarie Infrastructure Partners VI has raised about $4bn. Its predecessor closed on $6.9bn last August.
The GIG Energy Climate Opportunities vehicle is set to launch early next year, with an initial closing later in 2023.
Hikes in energy prices, interest rates and supply chain difficulties are leaving the US’s grand offshore wind ambitions in a difficult spot.
The US public pension has to date focused on mid-market funds, which it finds ‘less competitive’, Jim Rice, principal investment officer for LACERA’s real assets division, tells us.