Fundraising

Blackstone Green Private Credit III – the biggest energy transition credit fund to date – has an appetite for fossil fuel investments such as LNG, straddling energy transition and affordability goals.

Fund of funds manager TRUE Infrastructure is seeking A$20m from investors to fund the acquisitions of AustralianSuper’s stakes.

The Singapore-based firm has expanded into third-party management in infrastructure, with more fundraises planned for later this year.

BlackRock’s climate infrastructure team has launched a New Zealand-focused fund that aims to raise its capital from domestic investors to accelerate the country’s energy transition.

The firm is also nearing first close on its infra debt fund, with chief executive Alexandre Saigh contributing much of this progress to a growing local LP presence in Latin America.

The digital infra giant revealed it is near a first close for its third fund, raising $1.2bn for it in Q2. But it had much more to discuss on AI.

Secondaries Infrastructure Solutions III will target an 11-14% net internal rate of return, according to documents prepared for a US public pension.

The Japanese firm, alongside Sumitomo Mitsui Trust Bank, is raising its first North American renewable energy fund via subsidiary Tyr Energy, targeting $2bn.

The precipitous drop seen in Q1 repeated in the first half, which with a total of $7.6bn represents a 93% decline year on year.

Pantheon Global Infrastructure Fund IV's target, capital raised so far and deal log were disclosed in a presentation to a US pension this week.