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Exclusives
The hard-cap for the German firm’s fourth renewables fund now sits at €750m after more than 90% of investors approved the increase.
The fund manager will look to attract institutional capital to invest in the new company, while its management team will hold a ‘significant minority stake,’ a source said.
The Miami-based firm has realised more than $2.8bn from the exits of three platform companies formed through its first infrastructure fund.
Nearly 150 LPs have committed to GIP IV, which will follow the same strategy as its predecessors and target 15%-20% gross returns.
Executive’s arrival comes two months after leaving his position as head of infra debt at BlackRock.
It’s all in the timing – or is it? We speak with Howard Marks and Bruce Flatt about the deal that has got everyone talking.
Firm raises more than €2.5bn for its fourth vintage as it heads towards target of about €5bn-€6bn.
A fifth vehicle, which could secure commitments of about €1bn, may follow before the end of the year.
Infrastructure Investor has learned that AVAIO Capital launched its inaugural infrastructure fund last month and is targeting $1 billion in commitments from institutional investors. According to a source familiar with the matter, partners in the New York-based firm – including Mark McComiskey and Anthony Gordon, who spun AVAIO out of engineering giant AECOM – are pitching […]
MEIF6 is thought to have agreed to purchase a geothermal power company in Iceland in what would be its first deal.