Infrastructure investing is now mainstream, with GPs and LPs investing in a wide range of strategies – many of which would not have been considered infrastructure 15 years ago. How has the sector changed? And will it continue on its growth trajectory? We find out.
DigitalBridge has also secured $1bn to date for its credit vehicle, which has a pipeline of over 60 loans, according to CEO Marc Ganzi.
Despite a challenging fundraising environment, the collective amount of capital raised by infra's top GPs is in excess of $1trn for the first time.
Pantheon Global Infrastructure Fund IV launched in 2021 with a $3bn target and has already committed $1.3bn to 13 investments.
Fund IV is already 60% invested and looks to profit from energy transition tailwinds and a buyer's market.
Blackstone Infrastructure Partners has reached the 'very long-term' target it set out in 2017, generating a 17% IRR in the process.
Close to $20bn was raised in Q3, up from a paltry $4bn in Q2. But the $27bn raised in these first nine months is still a new low.
The launch of the new vehicle comes after I Squared closed its maiden infrastructure debt fund in June on about $750m.
Founder Vincent le Hodey tell us the Brussels-based manager will target developers in need of liquidity in the solar and onshore wind sectors.
Energy transition-focused Mirova returns to the market with a sixth flagship fund only a year after the fifth fund's close on €1.6bn.