II 50: Meet the world’s biggest infrastructure managers

Fundraising among the firms that feature in infrastructure’s most elite ranking has grown by 23% to a whopping $388bn. You now need almost $2bn to make it into the II 50 and more than $55.5bn if you want to dethrone MIRA from the top spot.

Apollo plans infra fundraising after $1bn deal with GE

New York-based Apollo Global Management plans to use a recent $1 billion deal with General Electric as the foundation for a dedicated infrastructure strategy, its executives said during a recent earnings call. Apollo co-president Scott Kleinman called the recent acquisition of power and midstream assets from GE Capital, the US company’s investment arm, an “attractive […]

Antin targets up to €6bn for fourth vehicle

Fund IV will pursue a broadly similar strategy to that of its predecessors, focusing on Europe but also investing outside the region on an opportunistic basis.

OP&F backs US-focused Axium fund with $125m

Montreal-based fund manager Axium Infrastructure received a $125 million commitment to its US-focused vehicle from the Ohio Police and Fire Pension Fund. OP&F is expanding its $283 million real assets portfolio with the commitment to Axium Infrastructure US Fund, which the firm will use to invest in energy, transportation and social infrastructure assets, according to […]

NMSIC backs BlackRock’s third energy and power fund with $100m

The New Mexico State Investment Council has approved a $100 million commitment to BlackRock’s Global Energy and Power Infrastructure Fund III, according to a spokesman for the state endowment. Documents from NMSIC’s board meeting this week show GEPIF III had raised $2.1 billion before the endowment’s commitment. The fund is a continuation of an energy […]

EQT eyes Q1 2019 final close for Fund IV – exclusive

The fund is targeting €7.5bn and has set a hard-cap of €9bn, more than double the €4bn raised for Fund III in 2017.

North Dakota pushes Macquarie towards MIP IV hard-cap

The North Dakota State Investment Board is committing $140 million to Macquarie Infrastructure and Real Assets’ fourth flagship fund, according to documents made public before the pension manager’s upcoming board meeting. NDSIB’s first commitment to MIRA’s infrastructure programme is meant to diversify the pension system’s infrastructure portfolio. “JPMorgan is managing approximately $407.6 million in infrastructure […]

Equis targets $2bn for new fund as it shifts away from renewables – exclusive

The new vehicle will focus on biomass, healthcare infrastructure, PPPs and waste and water facilities, as Asian renewables ‘heating up’.

Omnes plans €500m Capenergie 4 launch in Q3 2019 – exclusive

The move would more than double the size of its predecessor fund and follows the €628m listing of portfolio company Neoen this week.

Blackstone confident, but sees ‘challenges’ to Saudi-backed infra fund

Two LPs committed to the $40bn vehicle told us they are monitoring the situation involving a journalist's disappearance and the questions surrounding Saudi Arabia's potential involvement.

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