Jordan Stutts
The North America-focused fund has a $5bn target, the same as its predecessor, which was a selling point for at least one LP, as it allows MIRA to stay within its mid-market mandate.
The Miami-based fund manager has secured a first-time commitment of $400m from the Pennsylvania Public School Employees' Retirement System, which conducted its due diligence via video.
The firm has raised an additional $2.5bn for its fourth flagship infrastructure fund and its maiden renewables vehicle, both of which are expected to reach final close in Q1 2021.
As the South American country battles covid-19, investment officials make the case that long-term infrastructure investments will outlast the short-term impact of the pandemic.
With $3.75bn in hand, Blackstone’s Strategic Partners is seeking secondary transactions in infrastructure funds focused on a broad swathe of sectors.
The global fund manager is targeting 8-12% net returns for what is shaping up to be its largest infrastructure fund yet.
As the world shifts away from carbon-heavy energy sources, the networks being built today for natural gas could one day support hydrogen, according to panellists at the Global Offsite.
The nascent digital infrastructure sector needs customers committed to long-term contracts, to de-risk new technology, and provide capital for new projects where governments can’t.
The firm’s latest energy fund is targeting $4bn and is a continuation of a strategy focused on building platform companies managing energy-related infrastructure assets.
The firm expects digital infra to comprise 100% of its AUM by 2022, a complete shift from when real estate accounted for 98% of its AUM two years ago.
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