Zak Bentley
The firm has added two new directors to the equity team as well as its first infra appointment to the strategy and research division.
The Mirova-Eurofideme 3 fund now controls 95 percent of two wind farms worth a combined €123m.
CIF sells its interest in OTC, which has a portfolio of more than 800 mobile sites.
The listed market could give infrastructure investment ‘a bad name’, the group claims.
The fund’s investment in the 20MW capacity projects is its first since removing a targeted return from its ‘simplified’ investment objectives.
.jpg?id=12885363847 "Exclusive: Mubadala eyes up to $1bn for second infra fund")
A first close is expected in the first half of next year and the fund will include an expansion outside the Middle East.
Just months into his tenure as chairman of the supervisory board, Edwin Velzel has been asked to take over from outgoing chief executive Else Bos.
Saudi Arabia’s PIF will also invest in a major toll road in Moscow alongside RDIF and Russia’s largest pension fund.
Falling power prices following the end of a fixed-price contract have led to a write down of about $16m.
The company is looking to issue 500m shares as it seeks to capitalise on the ‘significant pool of assets’ available in the UK wind market.