Exclusives

The GIG Energy Climate Opportunities vehicle is set to launch early next year, with an initial closing later in 2023.

Blackstone Infrastructure Partners exited public positions in Aena and a US utility earlier this year, generating IRRs of 34% and 54%, respectively.

Macquarie estimates there could be $50bn-$67bn of infrastructure secondaries AUM by 2025, compared with $18.6bn last year.

The firm’s new business is looking to acquire at least 40 specialised vessels over the next five years to address the major shortage of vessels servicing offshore wind farms in Asia.

Irini Kalamakis joins the Canadian pension fund’s London office as a senior managing director and global head of its Strategic Partnerships Program.

The capital raised, secured against a $4bn target, has been deployed in three deals spanning energy and transport across Europe and the US.

I Squared has raised $1.7bn to date for the fund, having last week received a $150m commitment from the Florida State Board of Administration.

The fund, which is targeting up to $2bn, received a $250m commitment from the Pennsylvania Public School Employees' Retirement System earlier this year.

A newly established subsidiary of the London-based firm will manage the fund – understood to have a target of €250m – that will invest in the energy transition and smart infrastructure.

The Minnesota-based manager is closely to fully committing its debut effort, which closed on $504m in January 2021.