Exclusives

Apollo Infrastructure Opportunities Fund III could target up to $4bn, and follows the $2.5bn final close of Fund II, in January.

Jennifer Powers, GIP’s head of credit since 2017, and Reiner Boehning, a partner who helped establish the credit business in 2012, have both left the firm.

The move comes after the GP raised £243m for its sustainable energy fund, which it successfully floated on the LSE last February.

The Paris-listed manager is targeting €1.2bn for NextGen Fund I, while it's also set to begin fundraising for its fifth flagship vehicle later this year.

The seventh vintage of its flagship DIF Infrastructure vehicle and third installment of its Core-plus Infrastructure Fund series expect first closes in June and April respectively.

The digital infra investment firm has already deployed roughly 60% of Fund II and is considering adding new offerings with teams exploring credit, core-plus, growth and venture opportunities.

Hy24, jointly owned by Ardian and FiveT Hydrogen, expects to close the Clean H2 Infra Fund on its €1.8bn hard-cap by mid-2022.

Wong, who left his role as global co-head of Macquarie Capital after 22 years at the group, will focus on energy transition opportunities and an upcoming core strategy.

The firm is also believed to be raising a continuation vehicle for digital infra business Cologix, which it acquired in 2017.

Hamish de Run, who will be replaced by partner Perry Noble, had returned in 2019 to lead the infrastructure business after his initial exit in 2017.