Exclusives

The UK-based firm garnered commitments from 47 investors, raising 50% more than for the vehicle’s predecessor in about three months.

Launched a couple of months ago, the firm’s second global infrastructure vehicle has received $150m from the Texas Municipal Retirement System.

The asset manager is set to launch a successor after making a 32-year bond investment in the UK’s M6 toll, which IFM acquired on Monday.

The tender could be the first in a series of auctions as the Indian government seeks to recycle capital into new projects by selling state-owned toll road concessions.

The $542m vehicle aims to invest in up to 1.8GW of renewables assets across China by the end of 2018.

The London-based manager is looking to broaden its investor base to the Middle East and Asia after receiving backing from UK pension funds.

The $1bn corporate pension sees infrastructure debt as a fixed income product.

The vehicle might launch as early as this summer, and will follow a similar strategy to its $3.1bn predecessor, which is two to three deals away from being fully invested.

The firm hopes to reach a €500m final close by the end of next year.

The German insurer is “very advanced” in efforts to seal its $500m investment through the IFC’s $5bn infrastructure debt platform, which Prudential is also looking to back.