Zak Bentley
The Energy Transition Opportunities Pool will invest an initial C$1bn across a number of energy transition fund managers, while hoping to do direct deals in the future.
Petya Nikolova, who said her scheme is planning to commit more to mid-market funds, would like to see the risk in energy transition funds more clearly defined by GPs.
The hires come as the firm plots a more local and strategy-specific approach to LP coverage.
Gisele Everett’s departure comes alongside other senior members of the team, amid a restructuring by new infra head Michael Hill.
State regulators have been knocking back utilities’ request for higher rates of return in a move that could change the investment case in this sector.
This year has seen a wave of deals in the environmental infra space – and legislative tailwinds make this one to watch in 2024.
Concerns around competition and potential legislative changes to the legislation are dampening some of the initial enthusiasm ahead of 2024.
BlackRock’s global head of infrastructure and real estate also told us that GPs will have to add much more alpha than financing gains in the new era.
Annabel Wiscarson, who is not thought to have a new role lined up, leaves GIP in the midst of a $25bn fundraising effort.
As ‘free money’ dries up, higher interest rates are reshaping critical dynamics of the renewable energy market, Zak Bentley and Daniel Kemp find.