-285x198.jpeg "Japan’s GPIF makes first direct infra commitment with $300m for Brookfield Fund V")
Pantheon Global Infrastructure Fund IV launched in 2021 with a $3bn target and has already committed $1.3bn to 13 investments.
Fund IV is already 60% invested and looks to profit from energy transition tailwinds and a buyer's market.
Blackstone Infrastructure Partners has reached the 'very long-term' target it set out in 2017, generating a 17% IRR in the process.
Close to $20bn was raised in Q3, up from a paltry $4bn in Q2. But the $27bn raised in these first nine months is still a new low.
The launch of the new vehicle comes after I Squared closed its maiden infrastructure debt fund in June on about $750m.
Founder Vincent le Hodey tell us the Brussels-based manager will target developers in need of liquidity in the solar and onshore wind sectors.
Energy transition-focused Mirova returns to the market with a sixth flagship fund only a year after the fifth fund's close on €1.6bn.
The Article 9 fund will invest in projects to restore forests, wetlands and mangroves in developing countries.
The vehicle is part of a series of debt funds targeting €200m to €500m, designed to invest into direct loans originated by the bank.
The fund, the first dedicated impact vehicle for the renewables manager, launched in 2020 seeking £500m from LPs.