Zak Bentley
Amid LP demand for liquidity and distributions, the infra secondaries market saw an unprecedented rise last year. We uncover how this positions the market for future growth.
The acquisition of Neoen comes with the Paris-listed company at ‘an inflection point’, according to Brookfield managing partner Ignacio Paz-Ares Aldanondo.
The vehicle exceeded its $4bn target and also raised an additional $2.3bn of co-investment capital.
Optimists suggested fundraising would pick up again in 2024. Almost six months in, that’s not looking likely.
The ramifications of the LNG moratorium will likely be short term – for the most part – but it still fogs up a thriving market.
The fund, launched in early 2022 and targeting $5bn, is looking to increase the targeted IRR and hurdle rates.
While CPP Investments has previous experience in the sector, the take-private of Allete marks GIP’s first deal in the US utility space.
The success of the Bipartisan Infrastructure Law and the Inflation Reduction Act are exposing the little progress made on long-awaited permitting reform.
The higher-risk strategy will see value paid for the growth potential, although it’s a ‘very sensible risk’, Agrawal tells us.
Koski will leave his role as global head of investment strategy at the group’s infra unit this quarter, following his 2013 arrival from ADIA.