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Stonepeak’s Global Renewables Fund, which has invested $800m to date, seeks to focus on developed markets with stable regulatory frameworks.
Japan wind farm
Tony Togher, who will lead the strategy, said the new platform’s focus on sustainable debt was partly in response to strong client demand.
Despite fundraising coinciding with the increased uncertainty brought on by the pandemic, Argo’s third fund attracted new investors, as well as larger allocations from prior investors.
A CEO for the new unit is being sought, as parent AMP Ltd says the demerger and ASX listing would ‘unlock further value’ in AMP Capital’s infra and real estate businesses.
Executive pay, like fundraising, proved resilient in 2020 and the trends that are fuelling infra’s growth are likely to drive wage increases.
Ares and AMP Ltd will form a new joint venture covering AMP Capital’s private markets businesses, including infra and real estate, with Ares assuming management control.
While natural gas assets are being sold as vital pieces of the energy mix, the industry seems unable to specify how long that will be the case.
Management fees remain a bone of contention across private markets, but the issue is less pronounced in infrastructure though value for money is key.
GPs are venturing into new sub-sectors as they diversify and chase higher returns. But do they have the skillsets to do so successfully?
Investors show little appetite for first-time managers and GP stakes activity is heating up.
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