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 Australian bulk port, put on the market last year by Brookfield and State Super, represented a ‘rare’ opportunity, Palisade Investment Partners’ Alastair Pollock says.
The capital collected for the North American data centre platform puts it among the largest single-asset continuation funds raised.
The firm, now known as PrivateMarketsCo, is set to sell its A$7bn infrastructure debt arm to Ares Management which attempted a takeover bid for AMP Capital earlier this year.
The firms will use their existing co-investment in the Granville Harbour Wind Farm to acquire the 50% stake in the project from Morrison & Co.
The initial focus will be on expanding Greencoat’s existing business but as new technologies mature, such as hydrogen and large-scale energy storage, the strategy will go beyond wind, solar and biomass.
The Canadian firm is acquiring a 50% stake in the Australian and New Zealand based smart metering business in a deal that will see Brookfield co-own Intellihub with Sydney-based Pacific Equity Partners.
The firm’s head of global infrastructure Ross Israel said the resilience of previous QGIF acquisition Nexus Hospitals through the pandemic sparked the firm’s decision to acquire the New Zealand corporate hospital platform.
The sale, Aramco’s second major pipeline transaction of the year, is set to be one of the biggest infrastructure deals of 2021.