The firm plans to leverage its expertise building logistics centres across the APAC region for its new digital infrastructure fund.
The fund, which is targeting up to $2bn, received a $250m commitment from the Pennsylvania Public School Employees' Retirement System earlier this year.
The open-ended Blackstone Infrastructure Partners now has total commitments of $30bn, edging closer to its initial target of $40bn.
Managing director Peter Johnston says the first close was backed by traditional real estate investors looking for an alternative to residential property.
The platform, a subsidiary of the UK's Octopus Group, is backed by Hostplus and CEFC, and will invest in wind, solar and battery storage.
Launched in 2019, the fund’s $800m target was re-sized in the wake of covid-19 and has made six investments at closing.
Following the recently closed Global Transition Fund on $15bn, managing partner Natalie Adomait describes what to expect and how the firm plans to bounce back from its unsuccessful AGL bid.
The firm is replicating its private equity strategy in infrastructure, with its inaugural co-investment and secondaries vehicle.
Brookfield’s $15bn Global Transition Fund is one of the largest closes of the year, showcasing the depth of the decarbonisation opportunity.
A newly established subsidiary of the London-based firm will manage the fund – understood to have a target of €250m – that will invest in the energy transition and smart infrastructure.