PEI Group Data

The decision marks a retreat from BlackRock’s ambition to use New Zealand as a single-market test case for climate infrastructure investing.

SISF V is the largest infrastructure vehicle that Stafford has raised to date and brings its total infra AUM to $2.7bn.

The manager weathered a challenging fundraising market to close over €150m above its target, boosted by strong support from existing investors.

The manager has already deployed almost 60% of its capital and expects to be fully deployed in the next 18-24 months.

With nearly $300bn raised last year, the asset class blew past the circa $200bn raised in the high watermark years of 2021-22.

Brookfield Infrastructure Fund VI, launching ‘early next year’, is expected to target a similar size to its predecessor, which remains the world’s largest infra fund.

The manager is also anticipating a €100m first close for its maiden agricultural strategy by end of 2025.

The fund represents the single biggest capital raise by the manager, boosted by strong support from existing investors.

The fund aims to capitalise on the AI boom with a specialist multi-hundred-million-dollar core-plus digital infra strategy.

This strategy is anticipated to launch at the same time as an expected first close on about €2bn in Q2 2026.