Inventory on the GP-led side of the business is high, though the completion rate for such deals hovers around 50 percent.
Alcazar co-founder Daniel Calderon sees promise in a region ‘at the very beginning of the renewable energy journey’.
The fund, launched in early 2022 and targeting $5bn, is looking to increase the targeted IRR and hurdle rates.
'Floating wind... feels exactly like UK solar did to us 15 years ago,' says Alex Brierley as the Sky Fund reaches the halfway mark of £1.5bn.
The new fund will focus on renewables and digital infra in the two regions, with a target of $750m.
MAM will continue to realise mature green assets over the coming years, although at a reduced level compared to FY22 and FY23.
The strategy, which is targeting €1bn, has found early favour with LPs, with more than 20 already on board.
Fundraising more than tripled compared to Q1 2023, but this first quarter is still the second lowest of the past five years.
DIV II raised €1.12 billion, with €440 million committed to a sidecar, co-investment vehicle, bringing total funds raised to €1.56 billion.
The vehicle is targeting €1bn to focus on LP- and GP-led transactions as well as select co-investment opportunities.