AVCJ

Terra Firma, CDB to launch infrastructure fund – report

  • Susannah Birkwood
  • LinkedIn  
  • Google plus  
  • Save this article  

UK-based private equity firm Terra Firma and China Development Bank (CDB) are reportedly planning to launch an energy infrastructure fund worth $3-5 billion at an investor meeting this week.

According to the Financial Times, the news will be announced to LPs in Terra Firma's four existing vehicles, when they congregate in Dublin for two days to receive updates on their investments.

CDB will market the new fund in China, although the majority of LPs are expected to hail from the US and Europe. The vehicle will invest in global opportunities in renewable energy infrastructure projects and companies.

Terra Firma funds, which manage EUR11 billion ($1.4 billion), currently own three renewables-focused portfolio companies: US wind energy business EverPower, Infinis, the UK's largest renewable energy supplier, and Italy's largest solar energy firm, RTR.

Terra Firma dropped plans to begin marketing for its upcoming fourth buyout fund in the second quarter of this year, instead preferring to concentrate its efforts on shoring up investment for a sovereign fund pool. The firm was approached for this initiative by several large investors from China and the Middle East last November.

  • LinkedIn  
  • Google plus  
  • Save this article  

More on Infrastructure

Latest News

world-hands-globe-climate-esg
Asian GPs slow implementation of ESG policies - survey

Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...

  • GPs