Fundraising

Four of the 57 funds closed accounted for more than 54% of the total raised during the first half of the year.

The firm plans to leverage its expertise building logistics centres across the APAC region for its new digital infrastructure fund.

The fund, which is targeting up to $2bn, received a $250m commitment from the Pennsylvania Public School Employees' Retirement System earlier this year.

The open-ended Blackstone Infrastructure Partners now has total commitments of $30bn, edging closer to its initial target of $40bn.

Managing director Peter Johnston says the first close was backed by traditional real estate investors looking for an alternative to residential property.

The platform, a subsidiary of the UK's Octopus Group, is backed by Hostplus and CEFC, and will invest in wind, solar and battery storage.

Launched in 2019, the fund’s $800m target was re-sized in the wake of covid-19 and has made six investments at closing.

The firm is replicating its private equity strategy in infrastructure, with its inaugural co-investment and secondaries vehicle.

Brookfield’s $15bn Global Transition Fund is one of the largest closes of the year, showcasing the depth of the decarbonisation opportunity.

The closing of MAIF3, the largest pan-Asia infrastructure fund raised to date, represents a maturing of the asset manager’s regional strategy, putting it on a par with its European and North American fund series, its team tells us.