Deals

The deal marks the first time a stake in TransGrid has been sold since it was privatised in 2015 on a 99-year lease for A$10.3bn.

The move comes eight years after the Pensions Infrastructure Platform was founded with support from the UK government.

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.

The UK-based firm is funding the investment through its latest fund, NextPower III, which has raised around $280m and a target of $750m.

Vauban Infra Fibre will consolidate the French firm’s existing digital assets into one platform whose unique trait is its accessibility to all telecom operators.

‘The country holds powerful potential’, the firm’s head of Asia-Pacific infra David Luboff said, citing its sizable population and ‘attractive PPP framework’.

The UAE pipelines purchase – one of the largest deals of the year – brings GIP III close to full deployment, as the fund suffers the effects of the coronavirus pandemic.

Stonepeak raises $6.2 billion for Fund IV, AMP Capital takes a covid hit and a $400 billion alternatives wall of capital is unlocked.

The European renewables manager’s final asset sale this week realises a fund launched during the collapse of Lehman Brothers.

The deal marks the Connecticut firm’s first investment in the UK digital infra market and values the company at around £200m.