Bruno Alves
While open to nuance, investors are signalling what they want out of energy transition investing.
LP interest in the asset class continues to be high and there are tentative signs that the pace of fundraising is improving.
Only $112bn was raised by closed-end structures last year compared with a high of $172bn in 2022.
BlackRock’s $12.5bn acquisition of GIP takes consolidation to new heights, underlining infra’s skyrocketing popularity.
Generative AI is making data centres even more power hungry, putting the spotlight on their clean energy needs.
Energy transition funds were a bright spot, with products on offer increasingly capturing the sector’s depth.
With just over $82bn of unlisted, closed-end funds closed to date, you have to go back to 2015 for such a low tally.
A tough year generated plenty of soul searching on where the asset class is headed.
Infra investors will be at the forefront of climate adaptation and mitigation investments. But expect heated discussions on what’s a fair return.
A portfolio sale to privately owned John Laing helped listed HICL validate its NAV – but who’s valuing what correctly?