Exclusives

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.

Ben Way, who became MAM’s group head last year, will likely move from Hong Kong later this year amid a concerted push by MAM in the region.

Macquarie has also deployed more than $3bn in co-investment capital alongside the funds raised for Asia-Pacific Infrastructure Fund 3.

‘We will be on the road by the end of the year,’ the firm’s managing partner Serge Savasta tells Infrastructure Investor – and seeking to raise at least €1bn for Capenergie 5.

A new USD-denominated fund is thought to be planned for later this year, after QIC raised a further A$1bn for its first vehicle in October.