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The European renewables manager’s final asset sale this week realises a fund launched during the collapse of Lehman Brothers.
The deal marks the Connecticut firm’s first investment in the UK digital infra market and values the company at around £200m.
The fund has a target of €465m, while a vehicle open to a larger pool of investors is being prepared for launch next year.
European Union Flags
Plans have emerged for a €10bn-a-year EIB green infrastructure fund, but it should not crowd out sectors where private capital has made significant strides.
data centre
The NY-based firm is investing in data centres for the first time through its infra platform, backing the launch of Global Technical Realty, which will focus on the European market.
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.
As an example of the practice surfaces, an industry body is warning other companies not to use the covid-19 outbreak as an excuse to try and raise additional finance through flexible documentation.
deal
The deal, should it go through, would allow the French asset manager to expand into infrastructure and increase its presence in North America.
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.
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