In November, Washington State Investment Board committed $175m to the fund, with an additional $75m of co-investment capital.
The fund has sub-vehicles investing in asset classes such as PE, debt and infrastructure, each of which can commit 30% to secondaries.
The firm has already raised €500m from European investors and will now pitch the vehicle to Australian LPs.
The UK-based manager believes mid-size infrastructure companies ‘have typically not received the full attention of their previous owners’.
The firm’s fourth flagship vehicle exceeded its $17bn target and is already 40% deployed, with $3.6bn invested in digital infrastructure.
Large scale solar farm located in rural Spain
The fund, launched by the founders of Equitix, is seeking at least £200m which will also look to invest in renewable energy equity and debt.
Munich
The German manager intends to keep its third instalment at a similar size as it seeks to maintain its current strategy.
Arc de Triomphe, Paris
The French manager is already targeting the launch of its fifth instalment this year, with the fund 65% invested.
Sunset on solar panels in a village
The energy-focused vehicle will have a similar strategy to the firm’s previous fund, which is now fully invested.
Solar panels, photovoltaic - alternative electricity source
The fund, which could reach $1bn, will feature a $100m first-loss tranche from government institutions. It will invest in low-carbon assets, with at least 25% invested in Africa.
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