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Union Investment raises €442m with Mercer for maiden infra fund

Vehicle’s managers to make direct, primary and secondary investments in western Europe and North America, targeting returns of 6%-8%.

Unfazed by legal action, TransAlta investors elect management’s preferred board

Shareholders in TransAlta Corporation have backed its management by electing its preferred board of directors. The vote took place after an investor brought a legal challenge to the company’s C$750 million ($557.5 million; €838.8 million) deal with Brookfield Asset Management. TransAlta, one of Canada’s largest power producers, issued a statement on 26 April in which […]

DOWNLOAD: 2019 fundraising off to a strong start

With nearly $20bn raised in Q1, expect 2019 to be another record-breaking year for infrastructure fundraising.

Deal with Duke gives John Hancock renewables exposure

US power producer Duke Energy has sold a minority stake in its renewables portfolio to an infrastructure fund owned by Canadian insurance giant Manulife Finance Corporation. According to a statement released by Duke, John Hancock Investments, Manulife’s US capital management division, purchased a 49 percent stake in 37 operating wind, solar and battery storage assets […]

Flatt and Marks exclusive interviews: How ‘Brooktree’ reshapes the landscape

It’s all in the timing – or is it? We speak with Howard Marks and Bruce Flatt about the deal that has got everyone talking.

New York State opens doors to $1bn of renewables investment

Administration’s third solicitation is smaller than the previous two, which awarded $2.9bn in contracts and resulted in $7bn of investment in clean energy.
Wind power

WSIB turns $500m Geronimo commitment into partnership with National Grid

The Washington State Investment Board has restructured $500 million originally committed to the Geronimo Renewable Infrastructure Partners fund into a co-investment partnership with the UK’s National Grid. According to a document published on WSIB’s website published online, the US pension announced the allocation shift this week. It comes after the UK utility bought out the […]

What OMERS learnt managing third-party capital

With C$18bn in the asset class, head of infrastructure Ralph Berg says that partnering with some of the world’s most sophisticated institutions is ‘now a core pillar’ of the pension’s strategy.

Carlyle picks Goldman alum to head renewables group

The Carlyle Group has hired a Goldman Sachs clean energy specialist to lead the firm’s Renewable and Sustainable Energy Platform. Pooja Goyal left a 17-year career at the investment bank to become a partner in a division of Carlyle that the Washington, DC-based firm says is poised for growth. In a statement, Carlyle co-chief executive […]

Carlyle investments to feature ‘smarter’ infra upgrades from Schneider

French energy management company Schneider Electric has agreed to a partnership with The Carlyle Group to provide sustainability and automation upgrades to infrastructure projects. Andrew Marino, co-head of the US private equity firm’s Global Infrastructure Opportunity Fund, said the move was both an efficiency effort and a means of ensuring that current and future investments […]

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