Exclusives

The latest instalment of the firm’s Global Infrastructure programme will eye 40% direct deals and 60% primary and secondary fund investments.

The vehicle is set to be launched after the manager closes on its debut Americas strategy, which has so far garnered $550m – surpassing its original $500m target.

The firm buys 50% of the Canadian company and will help develop its $150m pipeline of projects in Vancouver and Toronto.

Andrew Claerhout spent 13 years at the Canadian pension and the last four-and-a-half as head of its C$18.9bn infrastructure programme.

The sale has netted Partners Group a 3.2x blended gross return following a $250m investment in 2014. It had invested in the Japanese platform alongside Equis Energy. The Swiss firm divested its stake in Japan Solar to a consortium led by Global Infrastructure Partners.

Industry veteran Jesús Olmos, who joined the private equity firm a decade ago, is leaving at the end of April.

The firm’s third and largest vehicle of its kind is targeting capital from domestic institutional investors.

The firm’s fourth energy infrastructure fund raised three-quarters of its $2bn target between September and December, as it races towards its hard-cap.

The vehicle has already secured $75m of commitments, with the manager expecting domestic LPs to contribute 40% of its $1bn target.

The Montreal-based firm is expecting low-teen returns for its inaugural infra fund, targeting North and South American assets.