Fundraising

The firm’s maiden renewable energy vehicle was launched last year with a target of $1.25bn, and a second close is expected next month.

The Toronto-based firm has already deployed 35% of its latest vehicle in three assets in the midstream and aviation sectors.

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 solar manager has recently launched a new private UK solar fund, while it continues to fundraise for its international fund NextPower III.

Macquarie has also committed 90% of the $5bn raised for its last North America-focused infrastructure fund, MIP IV, according to an LP document.

The fund has a target of €465m, while a vehicle open to a larger pool of investors is being prepared for launch next year.

The French manager has split its debut infra equity vehicle into two funds – a dedicated fund requested by a European insurer, and its first commingled fund targeting €500m.

Although the coronavirus slowed fundraising momentum, it didn’t prevent the firm from expanding its investor base, with roughly half of LPs committing to SEEF II being new to the firm.

The milestone means DIF’s Core Infrastructure Fund II has already raised the same amount its predecessor closed on in November 2017.

The Japanese vehicle has acquired three solar plants on Japan’s northernmost island, with its local focus in line with the country’s ‘regional economy creation’ policy.