The partnership has secured $100m from a Korean investment bank and will seek to raise an additional $100m from North American investors.
The objective is to build eNordic into a €3bn holding with a generation capacity of 1.6GW over the next five years.
Hobart International Airport is likely to be the penultimate asset acquired by the QIC Global Infrastructure Fund as it nears full deployment, says global infra head Ross Israel.
The Swiss firm is acquiring a 50% stake in the power generation platform which builds and operates renewables assets and back-up power plants throughout Latin America.
The Canadian pension’s head of infrastructure says there ‘is a great fit between growth supporting infrastructure and infrastructure supporting growth’ in the country.
The sale of Tramlink in the UK to Aberdeen Standard represents the final sale of the €170m 2008-vintage fund, which secured a 15% gross return.
A shorter time frame to completion and the prospect of an extra payment to shareholders helped QIC edge out a rival bid of the same value from OPTrust and Infrastructure Capital.
The move is the first in Europe by the fund, which last month reached $1.6bn of commitments.
The deal marks the French firm’s first investment in the Latin American transportation sector and the first in the region for the $800 million Ardian Americas Infrastructure Fund IV.
The Brisbane-headquartered fund manager has acquired Sea Swift for a little under A$300 million in a move that diversifies away from core infrastructure in its Global Infrastructure Fund.