Fundraising

The firm, which has previously only invested in Latin America across its six funds, is planning to launch the vehicle next year.

The Paris-based firm has raised more than €5bn this year across five strategies, all of which qualify as Article 9 funds dedicated exclusively to sustainability.

Multi-family office Vedra Partners believes it can achieve 20% IRR with its vehicle, as investors will benefit from the 'early stages of the cost reduction curve'.

The launch of the open-ended fund to Australian investors follows a strong run for the strategy in the UK and Europe.

Western European personal investors hold three times the deposits of North Americans.

The vehicle, co-led by former Bank of England governor Mark Carney and Brookfield renewables chief Connor Teskey, has a $12.5bn hard-cap.

Some $57bn was raised by 39 funds in the first half of the year, with dedicated renewables strategies figuring prominently.

Schroders Capital has held a final close on its fifth infrastructure debt fund.

The firm has raised a total of $116bn over the past 12 months, as it prepares to re-open fundraising for its open-ended infra vehicle.

Vehicles dedicated to the strategy accounted for more than 33% of the nearly $57bn raised in the first half, as 2021 gears up for a strong showing.