Infrastructure
Equis in $1.7b fundraising bonanza
Equis Funds Group's first foray into Japan’s solar energy sector was at least 18 months in the making. The energy and infrastructure-focused GP mapped the entire region in terms of solar power potential and regulatory factors then, working with Partners...
Fosun unit raises $960m China infrastructure fund
Xingjing Capital, an investment arm under Fosun Property, has raised a RMB6 billion ($960 million) infrastructure fund to invest in public private partnership (PPP) projects in China.
Asian LPs back Capital Dynamics' energy, infra fund
Capital Dynamics has closed its clean energy and infrastructure direct investment fund at $462.5 million, with one fifth of the contributions coming from Asian investors.
IDFC closes second India infrastructure fund at $900m
IDFC Alternatives has reached a final close on its second Indian core infrastructure fund of $900 million. LPs have also pledged significant additional capital for co-investment opportunities.
India infrastructure: Building confidence
Private equity is expected to play a significant role in India's infrastructure development, but regulatory constraints and disappointing returns are a turn-off for investors. Reform is required
Japan's GPIF to make infra investments with OMERS, DBJ - report
Japan's Government Pension Investment Fund (GPIF) will join Canada's Ontario Municipal Employees Retirement System (OMERS) and the government-owned Development Bank of Japan to invest in infrastructure projects abroad.
Actis raises $1.15b for global energy fund
Actis has closed its third global energy fund - Actis Energy 3 - at $1.15 million, exceeding its original $750 million target by 50%.
EIG raises $6b for global energy fund
EIG Global Energy Partners has reached a final close of $6 billion for its Energy Fund XVI after just 10 months in the market. The fund had a target of $4.25 billion.
CDC commits $200m to IDFC Infrastructure Fund II
CDC Group, the UK government’s development finance arm, has announced a $200 million commitment to IDFC Alternatives’ India Infrastructure Fund 2 (IIF2), its largest ever to an Indian investment fund.
GLP launches $3b China logistics fund
Global Logistic Properties (GLP), a Singapore-listed warehouse developer largely owned by GIC Private, has launched a $3 billion China-focused logistics infrastructure fund, capturing the opportunities in China domestic consumption and the shortage of...
Malaysian government unit to raise $95m infrastructure fund
Pelaburan Mara, the investment and asset management arm of the Malaysian government’s Majlis Amanah Rakyat agency, plans to launch a MYR300 million ($94.9 million) private equity infrastructure fund early next year to invest in the social infrastructure...
GIC Private to anchor IFC Global Infrastructure Fund
Singapore sovereign wealth fund GIC Private has become an anchor investor in IFC Global Infrastructure Fund - a vehicle administered by the fund management arm of International Finance Corporation (IFC), IFC Asset Management Company (AMC) - which reached...
India's IDFC makes $644m first close on second infra fund
IDFC Alternatives has reached a $644 million first close on its second core infrastructure fund after just eight months in the market, making it one of the largest Indian fundraises in recent times. India Infrastructure Fund II (IIF2) has a full target...
AMP Capital reaches first close on second infra debt fund
AMP Capital has reached a first close of more than $300 million on its latest infrastructure debt fund. The vehicle has a full target of around $1 billion, roughly twice the size of its predecessor, which closed to new investors in June of last year....
Australia's Hastings buys Phoenix Energy from Terra Firma
Australian infrastructure investor Hasting Funds Management has acquired 100% of Northern Irish gas distribution company Phoenix Natural Gas from Terra Firma. Financial details of the transaction were not disclosed.
3i to stop investing in Indian infrastructure
3i Infrastructure will make no further investments in India as the $1.2 billion India Infrastructure Fund has not delivered the capital growth expected. The firm said it faced more political, market and macroeconomic challenges than expected when the...
China Resources Capital, APG launch $265m car park fund
China Resources Capital (CR Capital), the financial services arm of state-owned China Resources Group, and Dutch pension fund asset manager APG have established a $265 million car park fund.
Canada's OMERS targets Australia
Ontario Municipal Employees’ Retirement System (OMERS), one of Canada’s big three pension funds, plans to increase its exposure to Australia through investments in infrastructure and natural resources.
Australia's Hastings adds to North America team
Australian infrastructure investor Hastings Funds Management has appointed Irene Mavroyannis as executive director with responsibility for business development in the US and Canada. She will join the existing investment team in New York.
Anil Ahuja departs 3i
Anil Ahuja, managing partner and head of Asia for 3i, has quit the private equity firm. According to a statement, Ahuja is leaving to pursue other opportunities, although he will still operate as a part-time consultant to 3i.
CapAsia taps Japanese for infra fund
As Japanese companies struggle in shrinking domestic market, government agencies and financial institutions have joined forces to promote local expertise overseas. For Capital Advisors Partners Asia (CapAsia), the country has become an attractive LP market....
Equis closes first fund at $647m
Equis Funds Group, a pan-Asian fund manager focused on Asian energy and infrastructure, has closed its first private equity fund - Equis Asia Fund I - at $647 million, exceeding its initial target of $500 million.
China Life to support Suzhou infrastructure fund
China Life has partnered with the government of Suzhou to roll out a RMB10 billion ($1.6 billion) infrastructure fund. It said to be the first private equity infrastructure fund launched by a domestic insurer.
Tata Capital to set up $1b fund with Power Finance
Tata Capital has teamed up with Power Finance Corp (PFC), an Indian power sector financing specialist, to set up a $1 billion private equity fund to invest in domestic power projects.