Fundraising

The Impact Alternatives Fund will invest up to 30% of its capital in renewables across both IIG and externally-managed funds.

ADIA is the largest investor in the vehicle with additional commitments made by other global institutional investors and the firm's flagship fund.

The insurer has anchored the fund with €50m and identified the first four investments.

The Miami-based firm is also raising its third equity fund, which is targeting $12bn.

The French manager launched the second instalment of its Predirec EnR series earlier this year and is targeting €300m.

GI Data Infrastructure Fund targets investments in data centres, telecommunication towers and fibre wiring.

The Swedish firm is more than halfway to its €1bn target and could seek further commitments from investors outside the Nordics.

The Chicago firm has raised capital for its social infrastructure fund.

Stafford expects infrastructure secondaries deal volume to almost double by 2025 to $10bn.

The North America-focused fund has a $5bn target, the same as its predecessor, which was a selling point for at least one LP, as it allows MIRA to stay within its mid-market mandate.