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The Dutch firm has put London-based partner Paul Nash, who has been with DIF since 2008, in charge of the strategy.
The New York-based firm collected commitments from 240 global LPs, a strong sign that 'investors like the asset class, like the opportunity set,' GIP’s chairman said.
Global Renewable Power III, which has so far garnered funds mostly from Europe, will begin deployment next year.
The firm has already made its first investment, acquiring a 44% stake in Germany’s A8 motorway from InfraVia and Egis.
The Dutch manager is back in market with the sixth edition of its flagship strategy and its second Core Infrastructure Fund.
After 10 years at the helm of the energy transition-focused firm he founded, Tobias Reichmuth will continue to provide strategic direction as chairman of the board.
The first phase of the Mexico Pacific LNG export terminal, which Tortoise is investing in through a special purpose vehicle with AVAIO, is expected to begin construction next year.
The investment firm has been moving towards this moment since acquiring GE Capital’s energy finance business and hiring an infrastructure debt specialist from Deutsche Bank.
The move comes less than two weeks after the French fund manager announced its switch to a Benefit Corporation.
The debut infra vehicle is aiming to purchase two Australian transportation PPPs from the Japanese trading house by November.