Exclusives

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.

The chief executive of the institution’s asset management arm updated us on the $1.2bn vehicle’s portfolio, its investor base and potential moves beyond infrastructure equity.

The move would represent the listed fund’s first deal outside the onshore wind and solar sectors as it pursues a 20% portfolio diversification strategy.

The UK platform’s first vehicle for direct infrastructure investment has had its target reduced by £400m following a change in strategy by some pension funds.

The firm expects to have collected more than $500m by the end of February as it advances towards a $750m final close this summer.