Switzerland

Like its predecessor, UBS-CEIS, the new fund is a joint initiative between UBS, Swiss asset manager Fontavis and insurer Swiss Mobiliar.

The strategy, which typically targets returns of 8-12%, will follow the Swiss firm’s 2016 vintage which raised €2.2bn.

The manager is following its $644m second equity fund with a third vehicle, said to be targeting about $1bn.

Following the close of its latest debt fund on its €1bn hard-cap and our recent interview with head of infra Tommaso Albanese, we bring you interactive charts on its funds, investments by sector/geography, past performance and more (hover to go full screen).

IST3 Infrastruktur Global has now made 18 investments since its launch four years ago, including both direct and fund deployments.

The firm will invest 20% of the new vehicle outside Europe, strongly targeting the US, where it is exploring the possibility of raising a dedicated fund.

The investment firm could reach up to 150 hires by the end of the year to match its anticipated AUM growth for the year.

With 60% of GIO II already invested, the insurance group is looking to fully deploy the vehicle within the next year and build a portfolio of 10 to 12 assets.

The Swiss fund manager will partner with local developer CWP Renewables in the project, which will combine wind, solar and energy storage assets.

Vittorio Lacagnina will join the Swiss firm in June after spending more than three years at the Australian fund manager and establishing its NY office.