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Exclusive: LPs push Blackstone to raise infra fund’s hurdle rate at first close

One investor said the original rate was ‘just not a standard hurdle’, as we take a closer look at the $5bn first close, one of the industry’s largest first closes for a debut fund.

Whitehelm makes district heating move with Norwegian deal – exclusive

The investment was made on behalf of an Australian LP and a new European client.

BNP Paribas plans North and Latin America infra debt strategy – exclusive

The French banking group is attracted by the ‘very active’ US market, saying the potential move is not directly linked to President Trump’s focus on infrastructure.

Partners Group boosts US presence with two new hires – exclusive

The Swiss firm continues to ramp up its infrastructure operations in the country, adding transportation and midstream expertise to its Denver office.

Tiger Infra’s second fund nears $350m target – exclusive

The mid-market fund manager has already committed around $200m from its sophomore vehicle.

SPARX targets $458m final close on new renewables fund by July – exclusive

The new vehicle’s portfolio includes 12 solar projects acquired from the $80m greenfield renewables fund the Japanese asset manager liquidated earlier this year.

Stonepeak considers bumping Fund III hard-cap – exclusive

The US manager - which has just clinched a US transportation deal - may increase the vehicle’s limit to $7.2bn, as it eyes a final close this quarter.

Foresight Group’s head of infra departs – exclusive

Jamie Richards has been replaced internally by Nigel Aitchison, who previously focused on environmental infrastructure.

EDHECInfra to ask Norway to reconsider SWF infra stance – exclusive

The institution believes its data could provide the assurances needed for the $1trn Government Pension Fund Global to invest in infrastructure.

Circuitus targets €2bn with maiden fund launch – exclusive

The firm is eyeing a first close in June, following backing from industrial partners, as it focuses predominantly on European greenfield.

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