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Exclusives
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.
The firm is looking to close its second series of fundraising on €1.1bn early next year.
Current commitments stand at around €110m after a second close in the summer – this followed a €66 million first close at the end of March. The Swiss vehicle has also secured its second investment, deploying C$120m into energy storage sites in Canada.
The vehicle is targeting $2.5bn and is expected to hold a final close sometime next year.
Switzerland-based asset manager Capital Dynamics has bought two wind farms in the UK with a combined capacity of 21.1MW. The projects were acquired from Airvolution Energy, the developer with which CapDyn agreed a funding deal in 2014 for over 140MW of onshore wind sites. The latest acquisitions include the 8.6MW Airfield project and the 12.5MW […]