Zak Bentley
About $1.1bn of the vehicle’s total size was raised following the onset of covid-19, as LPs became ‘more circumspect with traditional infrastructure’, says Melody’s founder Omar Jaffrey.
Stonepeak’s recent successful continuation fund is a demonstration of the hunger for infrastructure among secondaries investors.
The deal, 13 months after CDPQ invested a further $1bn, is said to be one of the largest renewable investments in North American history.
The French manager is investing through its Europe-focused core strategy and has been eyeing investments in the US since 2018.
The capital collected for the North American data centre platform puts it among the largest single-asset continuation funds raised.
Policymaking must tackle natural gas’ role in the energy system in a way that acknowledges its status as a fossil fuel and avoids greenwashing.
The Searchlight Capital partner and former FCC chairman believes there could be plenty of opportunity for the private sector in the $65bn funding.
As sector participants sound the alarm on high entry prices, those striking deals must be wary about growth assumptions when thinking about the exit.
Although there is no silver bullet to clean energy’s intermittency problems, sub-sectors within the energy transition are ready to meet the challenge.
The bank will match investor commitments to NextPower UK ESG, an unsubsidised solar fund, up to half the target size of £500m.