Zak Bentley
The renewables asset manager has recorded an IRR of over 9% for the company it invested €8m in six years ago as it targets €500m from its three other funds by December 2018.
The vehicle will differ from its predecessors in that it will adopt a term of 15 years rather than 25 while also expanding its investment horizon to the European continent.
The Green Investment Bank’s landmark vehicle made its final £429m investment amid growing scrutiny around the lender’s privatisation.
The project, in which Infracapital and InfraRed are equity investors, has been given the green light by former Energy Minister Charles Hendry after a seven-month assessment.
The UK firm, which held a £160m first close on the fund 11 months ago, is now preparing for the launch of a similar-sized Europe-focused offering.
%2080.jpg?id=19327374295 "UK government urged to halt £2bn Macquarie deal")
The Australian bank has come under intense scrutiny over its bid for the Green Investment Bank while rival bidder SDCL remains hopeful.
Construction firm NDI exercised its pre-emption rights to become the largest shareholder in Poland’s A1 motorway concessionaire.
Developer Atlantis Resources, which is already backed by Equitix for its flagship tidal project, is looking to diversify into interconnectors, pumped storage and floating wind assets.
The UK investment manager now has 15 partners on its books following a 28% AUM growth last year to £2.3bn.
The €150m transaction, which comes two years after Amundi Transition Energétique was launched, is likely to be followed by investments in renewables and energy efficiency projects.