NN Investment Partners (NN IP) and FMO Investment Management have announced the first close of their NN-FMO Emerging Markets Loans Fund. The capital commitments total US$250 million, 25% higher than the managers' minimum target, and were provided by four key investors from Sweden and the Netherlands.
Funds & Investments News
Zencap Asset Management has announced its intentions to launch a third senior infrastructure debt fund, dedicated to senior financing of European infrastructure. The company is targeting a first close of EUR200 million (US$244.4 million).
Berenberg, Germany’s oldest private bank, has launched the Berenberg Digital Infrastructure Debt Fund I, giving institutional and individual investors the opportunity to invest in the expansion of data networks in Europe through. The target volume is EUR100 million (US$123.27 million).
Copenhagen Infrastructure Partners’ (CIP) has announced that its newest fund, Copenhagen Infrastructure III (CI III), held a final close on 23 March 2018 at the EUR3.5 billion (US$4.31 billion) hard cap exceeding the EUR3.0 billion (US$3.7 billion) target fund size.
The Emerging Africa Infrastructure Fund (EAIF), managed by Investec Asset Management (IAM), has announced that it has successfully completed its latest fundraising round, raising US$385 million in new long-term debt capital to invest in Africa.
Globalvia has announced that current shareholders OPTrust, PGGM and USS have collectively invested EUR1.0 billion (US$1.27 billion) in the company. Globalvia plans to deploy the investment in worldwide infrastructure projects.
Macquarie Infrastructure and Real Assets (MIRA), a division of Macquarie Group, has announced the close of its second Asian regional infrastructure fund at its hard cap of $US3.3 billion in investor commitments.
UBS Asset Management's (UBS-AM) Real Estate & Private Markets (REPM) business has launched its second infrastructure debt fund, Archmore Infrastructure Debt Platform II (IDP II), with seed commitments from initial investors of more than EUR448.4 million (US$551.4 million).
A.P. Moller Capital has announced the second close of its Africa Infrastructure Fund, with total commitments reaching US$865 million. Subscribers include Danica Pension, Danske Invest, SEB Pensionsforsikring and SEB Pension och Försäkring.
The Board of Utilities of Australia Pty Limited, trustee of the Utilities Trust of Australia fund (UTA), has confirmed the selection of H.R.L.Morrison & Co Limited (Morrison & Co) as the preferred manager of UTA. The open-ended global infrastructure fund was established in 1994 and was formerly managed by Hastings Funds Management.
Golding Capital Partners (GCP), a private equity investor with 17 years experience, has announced the closings of several of its funds.
Starwood Energy has recently committed US$135 million capital to its Starwood Energy Infrastructure Fund III, taking the fund's total to US$989 million.
The Marguerite Fund has announced that it has acquired a 10% stake in Fraport Greece, the owner and operator of 14 regional airports in Greece.
After nine months of fundraising, Copenhagen Infrastructure Partners’ (CIP) new fund, Copenhagen Infrastructure III (CI III), has had its sixth close on December 27, 2017 with total commitments reaching EUR2.8 billion (US$3.32 billion).
In a bid to reduce the huge infrastructure financing gap in Sub-Saharan Africa, the African Development Bank has approved US$100 million to The Emerging Africa Infrastructure Fund (EAIF), a public private partnership company.
The Land Degradation Neutrality Fund was officially launched at the thirteenth session of the Conference of the Parties (COP13) of the United Nations Convention to Combat Desertification (UNCCD), which took place in Ordos, China. The initiative is promoted by UNCCD and Mirova.
SCOR Investment Partners, the SCOR group’s portfolio management company, have announced the end of the deployment of €378 million (US$444.06 million) through the SCOR Infrastructure Loans II fund, and the launch of the third generation with the SCOR Infrastructure Loans III fund.
Europe’s leading National Promotional Banks and European Investment Bank announced the launching of Marguerite II, a pan-European infrastructure fund with total commitments in excess of €700 million (US$ 832,29 million); ensuring continued support for key infrastructure investments in renewables, energy, transport and digital infrastructure by the Marguerite platform.
The EQT Infrastructure III fund has signed a definitive agreement to acquire CIF Holding B.V. from Rabo Bouwfonds Communication Infrastructure Fund C.V.
Infracapital, the infrastructure equity investment arm of M&G Investments, has successfully reached a final closing of its latest fund, Infracapital Greenfield Partners I LP, with total commitments of £1.25 billion (US$ 1,65 billion). This is well in excess of its £1 billion (US$ 1.32 billion) target and in line with Infracapital’s internal hard cap.