Strategy

The fund, which has a $1bn hard-cap, will focus on education, healthcare, energy access, clean energy and social inclusion.

The firm has opened offices in Chicago and Los Angeles as it continues expanding its secondaries advisory and fundraising business.

Mark Voccola, a partner at Ares EIF, will become co-head of Ardian Infrastructure US as the French firm raises $550m for its debut Americas fund.

The global real estate firm has teamed up with Brookfield Asset Management for a 50:50 venture expected to be China’s biggest provider of rooftop solar renewable energy.

Wendy Norris will now oversee private equity and property alongside infra and timberland amid a restructuring at Australia’s sovereign wealth fund.

This is the second infrastructure mandate awarded by the world’s largest pension, as it plans to spend more on alternative assets.