A slight year-on-year improvement in fundraising is unlikely to carry the year in the absence of any mega-fund closes.
The firm is seeking 12% IRR for Brookfield Global Transition Fund II, slightly higher than its predecessor.
The partnership will use bridge financing to help mid-market assets in Asia and elsewhere to grow and attract more mainstream financing.
Despite missing the €5bn target, EQT’s head of Active Core Infrastructure Alex Greenbaum tells us its ‘among the best amount of capital’ raised during the timeframe.
The Catalytic Transition Fund is targeting $5bn with a formal first close earmarked for 'early 2025'.
The vehicle, which will commit to infra secondaries as well as direct infra deals, will target investors globally.
The final closing for Global Infrastructure Partners V is anticipated for Q1 2025, as completion of its acquisition by BlackRock nears.
COO Ted Frith says probable political tailwinds and discounted CPI-linked assets should prompt investments.
About $1.6bn has been committed to opportunity set in the US power space that ‘has never been broader’, COO Darpan Kapadia told us.
Global Infrastructure Debt Fund II is targeting $2.5bn and is the firm’s second high-yield infrastructure credit vehicle.