Why Preferred Equity Is a Critical Tool in the New Energy Economy
Preferred equity is emerging as a pivotal financing tool for new‑energy projects as market volatility and demand surge. It supplies developers with immediate liquidity, enabling rapid project execution. At the same time, investors benefit from structured, fixed‑rate returns coupled with upside potential. The hybrid nature of preferred equity also delivers downside protection through senior claim status, making it attractive amid uncertain macro conditions.
UK AR7: Offshore Wind’s Pricing Reset Is Music to Insurers’ Ears
The UK’s AR7 offshore wind auction concluded with significantly lower strike prices, marking a pricing reset that benefits both developers and insurers. Contract values fell to around £70 per megawatt‑hour (approximately $86), reflecting tighter cost structures and improved turbine efficiency....
The Pipeline: Global Summit Ends, Infra Healthier than PE, Brookfield’s Boralex Take-Private
The Global Infrastructure Summit concluded, underscoring strong investor appetite for core infrastructure assets. Analysts noted that the sector’s financing metrics and pipeline quality are outperforming private‑equity‑backed projects. Brookfield Asset Management announced a $6.5 billion take‑private of Canadian renewable power producer Boralex,...
ADIA, Aksia Divided on Data Centre Buildout Boom
At the Infrastructure Investor Global Summit, the Abu Dhabi Investment Authority announced a bullish stance on AI‑driven data centre expansion, planning sizable allocations to capture rising compute demand. In contrast, US advisory firm Aksia warned that oversupply risk and tighter...
Global Summit Day 3 – Here’s What We Learned
Day three of the Global Infrastructure Summit highlighted the accelerating "industrialisation of AI" as a catalyst for smarter, data‑driven assets. Speakers announced renewed investor appetite for nuclear projects, citing policy support and cost reductions. Panels debated whether firms are evolving...
US Asset Recycling: This Time for Real or Still a Pipe Dream?
Australian investors are reviving the concept of US asset recycling as a way to bridge America’s massive infrastructure funding shortfall. The approach involves selling or leasing existing public assets to private capital, then repurchasing them later, freeing up cash for...
KKR Approaches First Close of Around $5bn for Third APAC Infra Fund – Exclusive
KKR is nearing the first close of its third Asia‑Pacific infrastructure fund, targeting roughly $5 billion in commitments. The firm is on pace to exceed the $6.4 billion raised for its second APAC fund, which already set a regional fundraising record. The...
IFM Investors to Increase Exposure to Growth Sectors
IFM Investors announced plans to increase its exposure to high‑growth infrastructure sectors by adding value‑add assets to its portfolio. Vivien Cheung, the firm’s vice‑president of infrastructure, said the strategy will complement IFM’s existing core holdings and aim to capture upside...
Quinbrook to Build In-House Australian Construction Team
Quinbrook is moving into the execution phase of its Australian battery storage pipeline and will establish an in‑house construction team to build the projects. The decision responds to a tight labour market that has been hampering infrastructure delivery. By internalising...
Igneo: ‘I Don’t Want to Be on the Phone to Clients Explaining Why Our Valuations Dropped’
Niall Mills, global head of Igneo Infrastructure Partners, discussed on the Infrastructure Investor Podcast the firm’s recent exit from its inaugural Euro‑denominated fund. He explained why Igneo now performs quarterly valuations instead of annual updates, citing client expectations and market...
How Does Fund Size Affect Time on the Road?
Historically, larger investment funds reached final close faster than their smaller counterparts, a pattern that persisted for years. Recent analysis shows this dynamic has reversed, with smaller funds now achieving quicker closures. The shift reflects changing fundraising tactics and market...
Investor Intention: Sumitomo Mitsui Finance and Leasing Company to Grow Infrastructure Portfolio
Sumitomo Mitsui Finance and Leasing Company (SMFL) announced plans to expand its infrastructure portfolio, concentrating on transport‑related assets and movable transportation funds. The strategy signals a shift toward higher‑growth, capital‑intensive projects such as rail, road, and logistics platforms. SMFL aims...
Buoyed by Non-European LPs, InfraVia Closes Sixth European Fund on €8bn Hard-Cap
InfraVia announced the closing of its sixth European infrastructure fund, reaching an €8 billion hard‑cap. The fundraising was heavily supported by non‑European limited partners, underscoring growing global appetite for European assets. Founder and CEO Vincent Levita cited Europe’s regulatory stability and...
LACERA Sees Benefits as It Leans Into Private Infrastructure, Co-Investments
LACERA, the nearly $90 billion Los Angeles County Employees Retirement Association, has reported solid gains from its expanding private‑infrastructure programme. The pension fund deepened its exposure through direct equity stakes and co‑investment partnerships, targeting sectors such as transport, renewable energy and social‑impact...
The Pipeline: Data Centres to ‘Lower Electricity Prices’, ECP VI Reaches $3.7bn, EQT Wades Into UK Water
Infrastructure Investor’s weekly briefing highlights three major developments: data centre operators are positioning themselves to drive down electricity costs, the European Climate Platform’s sixth fund (ECP VI) has closed at $3.7 billion, and private‑equity firm EQT has entered the UK water market....
Investors Need to Decide How Much Coal Is Too Much Coal
Investors are confronting a pivotal question as capital floods the broader energy sector: how much coal exposure is acceptable. While renewable projects dominate headlines, coal still accounts for a sizable share of global power generation and remains embedded in many...
RGREEN Raises €900m for Fifth European Energy Transition Fund
RGREEN announced the close of a €900 million fifth European energy transition fund, targeting renewable infrastructure across the continent. The manager has already deployed roughly 70 % of the capital into projects ranging from wind farms to green hydrogen facilities. RGREEN expects...
‘Scale Is How You Win’: Macquarie’s Ed Northam on Green Investing
Macquarie Asset Management’s global head of green investments, Ed Northam, emphasized that scale is the decisive factor in winning the green‑investment race. He highlighted abundant opportunities in U.S. renewable power despite a slowdown in project delivery timelines. Northam noted that...
CPP Wants More ‘Established’ Data Centre Platforms After Latest $4bn Buy
The request did not include the article text, only a placeholder indicating a pay‑wall prompt. Without the actual content, no details about CPP's interest in more established data centre platforms or the referenced $4 billion acquisition can be extracted.
The Pipeline: Big Tech’s Data Centre Pledge, NZ Super Gets Real Assets Chief, GIP and EQT’s $33bn AES Deal
Big Tech announced a landmark pledge at the White House to power new data centres with renewable energy, signaling a shift toward greener cloud infrastructure. New Zealand's sovereign wealth fund, NZ Super, created a dedicated real‑assets chief role to sharpen...
Gilchrist: Igneo ‘a Clean Sheet of Paper in Terms of Opportunity’
Carolyn Gilchrist, appointed six months ago as Igneo’s global head of capital formation, has outlined a new vision for the firm’s investor relations. She proposes a unified IR function that will serve as a single point of contact for investors...
BNP Paribas AM Shuts Down €750m Sustainability Fund – Exclusive
BNP Paribas Asset Management is winding down its €750 million sustainability fund following the acquisition of AXA IM Alts. The purchase created overlapping equity strategies between the two managers, prompting a strategic consolidation. BNP Paribas cited redundancy elimination as the primary...
Opportunities Are Emerging for Port Investors Even Despite Signs of Deglobalisation
Port investors are re‑evaluating asset values as global trade patterns shift, despite growing signs of de‑globalisation. The sector’s relative valuation is being reassessed against alternative infrastructure classes, revealing new upside potential. Analysts note that bottlenecks, supply‑chain diversification, and emerging trade...
‘Infra Is Defensive but Valuation Smoothing Downplays Risk’
Tim Whittaker of the European Investment Partners Association (EIPA) argues that while infrastructure is often marketed as a defensive asset class, current valuation practices smooth out volatility and conceal true risk. He calls on regulators to require private market investors...
CapMan to Launch €750m Third Nordic Infra Fund – Exclusive
CapMan announced the launch of its third Nordic infrastructure fund, targeting €750 million in commitments. The new vehicle represents a roughly 90% increase over the firm’s previous €400 million fund. It will focus on renewable energy, transport, and digital infrastructure projects across...
The Pipeline: Europe Drags on OMERS, Quinbrook’s New Australia MD, Norway SWF’s Supersized Renewable Returns
Europe’s infrastructure market underperformed this quarter, dragging down OMERS’ overall portfolio returns. The Canadian pension fund reported weaker earnings as its European assets lagged behind more resilient regions. Quinbrook Infrastructure Partners announced the appointment of a new Managing Director for...
InfraVia Capital Partners: All Hands on Deck for Maritime Services
InfraVia Capital Partners and LD Armateurs argue that specialised maritime services are increasingly attractive to investors. The sector’s capital intensity, long‑term contracted revenues, and built‑in inflation linkage provide stable cash flows. Downside protection mechanisms further improve risk‑adjusted returns. Executives Aymar...
Fengate: Moving Transport Into the Fast Lane
Fengate’s transport team, led by Darcy Wilson, argues that despite fierce competition for infrastructure assets, North America remains a fertile ground for long‑term investments. The firm points to a robust pipeline of highways, railways, and ports backed by supportive policy...
Bernhard Capital: Regulated Utilities Provide Rich Font for Mid-Market Carve-Outs
Bernhard Capital Partners’ Jeff Jenkins highlights that regulated utilities are becoming a fertile source for mid‑market carve‑outs as the sector seeks capital for grid upgrades. Stable, predictable cash flows and strong credit profiles make these assets attractive to private‑equity firms...
Wilmington Trust on What’s Powering the Future of the Energy Transition
Will Marder of Wilmington Trust examines how the past year reshaped capital flows toward the energy transition. He notes a marked acceleration in renewable and grid‑modernization investments, driven by policy support and heightened ESG focus. The firm anticipates continued diversification...
Ridgewood on the Opportunities Stemming From the Lower Mid-Market
Ridgewood Infrastructure’s Sam Lissner highlights the lower mid‑market as a hotbed for value creation and flexible exit options. Investors are gravitating toward deals that sit below the traditional mid‑market threshold, seeking higher returns with manageable risk. Lissner notes that the...
Vision Ridge’s European Head Moubarak Expected to Depart – Exclusive
Vision Ridge’s European head, Ramzi Moubarak, is expected to leave the firm after less than two years in the role. Moubarak was recruited to spearhead the company’s European expansion following the launch of its London office in October 2023. His...
Vesper Hits €1bn Fundraising Mark for Maiden European Infra Fund – Exclusive
Vesper Capital announced it has secured €1 billion in commitments for its first European infrastructure fund, marking a significant fundraising milestone. The fund has already deployed more than 60% of its capital target into early‑stage projects across the continent. Vesper’s investment...
Blackstone Strategic Partners Leads on EQT’s Evergreen CV for EdgeConnex
Blackstone Strategic Partners has been appointed lead investor in EQT’s newly formed evergreen co‑investment vehicle focused on EdgeConnex, an Australian data‑centre operator. The fund is projected to raise approximately $2 billion at launch, with provisions to increase its capital base as...
The Pipeline: Quinbrook Mulls Stake Sale, CVC DIF Collects €3.5bn, Macquarie’s Double Deal Week
Quinbrook Partners is weighing a minority‑stake sale to bring in strategic capital, aiming to accelerate its infrastructure expansion. Meanwhile, CVC’s Direct Investment Fund closed a €3.5 billion double‑fundraise, reflecting strong investor appetite for long‑dated, inflation‑linked assets. Macquarie Capital announced two sizable...
Prime Capital Eyes Lower Target for Debut Infra Debt Fund – Exclusive
Prime Capital, a European infrastructure‑debt specialist, announced it will lower the fundraising target for its debut infra‑debt fund. The manager also extended the fundraising window by roughly six months to tap renewed investor appetite for infrastructure assets. The revised target...
Investor Intentions: NCIA Looking to Grow Its Private Infrastructure Portfolio
The National Council for Infrastructure and Assets (NCIA) is signaling a strategic push to expand its private infrastructure holdings, with allocations projected to reach between $8 billion and $10 billion. This represents a sizable portion of the council’s overall investment portfolio and...
Infra’s $650bn Window of Opportunity
The article highlights a $650 billion infrastructure investment window but notes that markets are penalising hyperscaler capital expenditures that appear erratic. It questions whether traditional infrastructure managers can impose the discipline needed to attract capital. The piece warns that unchecked hyperscaler...
Meridiam Amasses over €2bn for European Infra CV Fund
Meridiam has closed a new European infrastructure closed‑end fund, securing more than €2 billion in commitments. The vehicle aggregates 22 assets across highways, high‑speed rail, hospitals, university accommodation and low‑carbon projects. By diversifying across transport, health and sustainable solutions, the fund...
AP Moller Closes Maiden Morocco-Focused Transport Infra Fund
A.P. Møller has closed its maiden Morocco‑focused transport infrastructure fund, marking the firm’s first dedicated vehicle for North African logistics assets. The fund will channel capital into roads, ports, rail and airport upgrades that are critical to Morocco’s preparation for...
Australia’s Energy Transition Hits a Permitting Wall
Australia’s renewable rollout is stalling as planning and environmental permitting delays choke new generation projects. State‑level approval processes are taking years, pushing back construction of solar farms, wind parks and battery storage. Although the federal government has introduced streamlined pathways,...
