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Copenhagen infrastructure Partners is believed to be planning a final close by year-end for the mammoth energy transition fund.
Kunal Koya, who has been with Goldman Sachs Asset Management since 2013, will join as a London-based partner later this summer.
The fund, launched in early 2022 and targeting $5bn, is looking to increase the targeted IRR and hurdle rates.
DIV II raised €1.12 billion, with €440 million committed to a sidecar, co-investment vehicle, bringing total funds raised to €1.56 billion.
Koski will leave his role as global head of investment strategy at the group’s infra unit this quarter, following his 2013 arrival from ADIA.
The vehicle is targeting €1bn to focus on LP- and GP-led transactions as well as select co-investment opportunities.
The London-based firm expects to launch a fourth fundraising series later this year as it seeks to reach its €5bn hard-cap for EDIF III.
The target is four times the original $1.25bn Stonepeak sought for its maiden effort, which closed on $2.75bn in July 2021.
Chase, a former MD at BlackRock, was brought on as global head of capital formation in 2021.
In addition to taking on the newly created CEO role, Annabel Wiscarson will also sit on the UK firm’s board.