Brookfield Asset Management recently raised USD 15bn for a fund dedicated to global energy transition. Daniel Cheng, a managing director with the firm in Shanghai, maps out likely deployment
Australia’s Pacific Equity Partners (PEP) is preparing to launch its second secured assets with an AUD 1bn (USD 724m) target while planning to spin out one of the top-performing Fund I investments into a single-asset continuation vehicle.
Sequoia Capital China has raised a new economy infrastructure fund – which will invest in the likes of logistics, data centres, and life science parks – with Brookfield serving as the largest LP.
EverSource Capital has reached a final close of USD 741m on what is being called India’s largest climate impact fund.
Goldman Sachs Asset Management, QIC, and Pagoda Investment – a China-focused GP set up by a former QIC executive – have agreed to sell Australia cancer care provider Icon Group to EQT for a reported valuation of A$2.3 billion ($1.67 billion).
Specialist healthcare investor CBC Group has teamed up with APG Asset Management to launch a $1.5 billion fund dedicated to the development of healthcare infrastructure in China.
Paddy Sinha, formerly managing partner of Tata Opportunities Fund, has become executive director and CIO for private equity at India’s National Investment & Infrastructure Fund (NIIFL).
KKR has reached a final close on its first Asia Pacific-dedicated infrastructure fund at the hard cap of $3.9 billion. It is being called the largest pan-regional infrastructure fund ever raised.
NIIF Master Fund, a rupee-denominated infrastructure investment vehicle backed by the Indian government, has achieved a final close of $2.34 billion, beating its $2.1 billion target.
China Everbright has reached a first close of RMB3 billion ($459 million) on an environment-focused fund that concentrates on economies covered by the Belt and Road Initiative (BRI).
CDH Investments has reached the first close of RMB1.5 billion ($228 million) on a data center industry fund. Part of the Chinese GP's mezzanine strategy, the vehicle has a full target of RMB2 billion.
CITIC Capital and SF Holdings – the parent company of SF Express, China’s second-largest courier company – have launched a RMB2.1 billion ($308 million) fund that will invest in logistics properties.
Canada Pension Plan Investment Board (CPPIB) has committed JPY25 billion ($235 million) to a fund managed by PE-owned warehouse operator GLP that is said to be the largest open-ended logistics vehicle in Japan.
Pan-Asian logistics investor ESR has raised $1 billion for its second Korea fund with support from APG Asset Management and Canada Pension Plan Investment Board (CPPIB).
GLP, a PE-owned warehouse operator based in Singapore, has closed its latest China logistics fund at RMB15 billion ($2.1 billion).
Australia’s AMP Capital has closed its latest global infrastructure fund with $3.4 billion in commitments. The target was $3 billion.
China-headquartered Asian Infrastructure Investment Bank (AIIB) is set to anchor two private equity funds, including an energy-focused vehicle, with a total commitment of $125 million.
Canada Pension Plan Investment Board (CPPIB) has agreed to invest up to $600 million in NIIF Master Fund, a rupee-denominated infrastructure vehicle anchored by the Indian government.
The Asian Infrastructure Investment Bank (AIIB) and Clifford Capital, a Singaporean infrastructure investor, have jointly launched an approximately $2 billion debt platform.
AustralianSuper and Ontario Teachers’ Pension Plan (OTPP) have agreed to commit up to $1 billion each to the National Investment & Infrastructure Fund (NIIF), a vehicle backed by the Indian government.
KKR expects to begin raising its fourth Asian fund within the next 18 months as its three largest vehicles globally all come back to market.
Clean Energy Finance Corporation (CEFC), a renewables-focused investor backed by the Australian government, has agreed to commit up to A$100 million ($70 million) to a new fund.
Indian renewable energy producer Greenko Energy Holdings has raised $495 million from its majority owner, Singapore’s GIC Private, and returning investor the Abu Dhabi Investment Authority (ADIA).
ESR, a pan-Asian logistics and fund management platform that was seeded by Warburg Pincus, has closed its latest Japan-focused fund at JPY200 billion ($1.8 billion).