Fundraising

The German asset manager has raised more than half its final target for its sophomore global diversified fund, achieving a 60% re-up rate to date and having deployed more than 90% of Fund I.

Energy transition is attracting record investment, hitting $755bn last year, a 27% annual surge. Infrastructure Investor's Energy Transition special report provides a closer look.

The new firm will seek to raise $1.5bn to invest across a range of subsectors, including water treatment, waste management, decarbonisation ‘anything that leads towards a net-zero economy’ Astarte’s Siokos says.

The firm, which has to date mainly operated in New Zealand and Australia, has appointed 14 partners spanning APAC, Europe and the US.

With a tally that amounted to roughly 40% of 2021’s full-year total, Q1 will be a tough act to follow, setting high expectations for 2022.

A new USD-denominated fund is thought to be planned for later this year, after QIC raised a further A$1bn for its first vehicle in October.

The firm, which closed its last fund on $301m in 2018, drew in LPs as they embraced its growth investment strategy, founder Emil Henry says.

ASF VIII Infrastructure has already invested 30% of its capital, including acquiring a $1.5bn portfolio offloaded by insurer Northwestern Mutual.

The group’s third fund more than doubles the $7bn raised by its predecessor, itself a more than doubling of the $3bn raised by Fund I.

The Article 9 vehicle has already invested more than half of the €1bn it is initially targeting in a 1GW portfolio spanning Europe and the Americas.