Fundraising

With MIRA veteran David Luboff and Brookfield’s Hardik Shah joining, the manager is targeting its first Asia-focused infrastructure fund.

The vehicle has a €500m hard-cap and has been launched as a ‘sustainable’ fund where ‘some clear investment choices will be made’.

The two firms say they ‘will be blazing some trails’, with the sub-sector set to become a ‘bigger part of the infrastructure market’.

The Employees Retirement System of Texas plans to nearly double the current size of its infrastructure portfolio in the upcoming fiscal year with a view to growing it to $2.62 billion by 2023. The pension fund – the infrastructure portfolio of which had a net asset value of $571.2 million as at 30 September, accounting […]

IST3 Infrastruktur Global has now made 18 investments since its launch four years ago, including both direct and fund deployments.

The close comes after a ‘strict and intellectually rigorous process’ to roll over assets from the Italian group’s first fund, chief investment officer Carlo Michelini tells us.

AMOAI, the new entity resulting from Asset Management One’s acquisition of Mizuho Global Alternative Investments, is targeting close to $900m for the new vehicle.

Plans to expand the LP base to more institutional capital beyond the current DFIs would bring the fund to just over €500m.

New York-based Apollo Global Management plans to use a recent $1 billion deal with General Electric as the foundation for a dedicated infrastructure strategy, its executives said during a recent earnings call. Apollo co-president Scott Kleinman called the recent acquisition of power and midstream assets from GE Capital, the US company’s investment arm, an “attractive […]

Fund IV will pursue a broadly similar strategy to that of its predecessors, focusing on Europe but also investing outside the region on an opportunistic basis.