Exclusives

The existing LP will buy the fund from the Dutch manager, helping it return a net IRR of more than 10% to investors.

New all-senior debt package replaces costly €300m mezzanine facility.

Almost triple the size of its predecessor, the vehicle will look to invest across OECD markets and seek net returns of between 9% and 10%.

The UK-based firm garnered commitments from 47 investors, raising 50% more than for the vehicle’s predecessor in about three months.

Launched a couple of months ago, the firm’s second global infrastructure vehicle has received $150m from the Texas Municipal Retirement System.

The asset manager is set to launch a successor after making a 32-year bond investment in the UK’s M6 toll, which IFM acquired on Monday.

The tender could be the first in a series of auctions as the Indian government seeks to recycle capital into new projects by selling state-owned toll road concessions.

The $542m vehicle aims to invest in up to 1.8GW of renewables assets across China by the end of 2018.

The London-based manager is looking to broaden its investor base to the Middle East and Asia after receiving backing from UK pension funds.

The $1bn corporate pension sees infrastructure debt as a fixed income product.