PEI Group Data

The vehicle, set to be launched in the new year, follows the $4.4bn close of its predecessor in May.

The new strategy could raise close to €5bn. It will deploy capital to help scale up ‘the infra of the future’, Asís Echániz, head of Transition Infrastructure Europe, tells us.

The group sees a $100bn pipeline of 'actionable equity' over the next five years, infrastructure CEO Andre Sales told us.

InfraRed's sixth value-add mid-market flagship is 80% deployed as it reaches a final close.

‘All of our exits were above holding value,’ head of global infra Niall Mills told us as the 2009-vintage posts 2.6x average money multiple.

Despite missing the €5bn target, EQT’s head of Active Core Infrastructure Alex Greenbaum tells us its ‘among the best amount of capital’ raised during the timeframe.

The Catalytic Transition Fund is targeting $5bn with a formal first close earmarked for 'early 2025'.

The final closing for Global Infrastructure Partners V is anticipated for Q1 2025, as completion of its acquisition by BlackRock nears.

The fund, which will see Stonepeak invest between $75m and $250m in equity cheques, exceeded its $2.5bn target.

The close puts the Spanish manager roughly at the halfway mark after five months in market, as it lands its first airports deal.