Global Infrastructure Partners raises $15.8 billion for latest fund
Global Infrastructure Partners have raised a total of US$15.8 billion for its GIP III fund, which is the firm's largest infrastructure fund.
GIP's is a global leading investor in, and operator of energy, transport and water/waste infrastructure assets.
In 2016, Missoure Local Government Employees Retirement System committed U$100 million to the fund, Maine Public Employees Retirement System (MainePERS) provided US$150 million, and Virginia Retirement System, Richmond, allocated US$200 million.
Prior to that, in December 2015, Oregon Investment Council announced a $400 million investment in the fund.
GIP's business strategy is based on the following approach:
- Investment profile: GIP focuses on larger scale investments in assets that provide essential services, have high barriers to entry, and offer significant governance positions. GIP targets opportunities in OECD countries and high quality assets with the potential for attractive risk-adjusted returns in selected non-OECD countries.
- Proprietary origination: GIP's in-depth knowledge and extensive relationships in the target industry sectors is critical to originate proprietary transactions, conduct effective and informed due diligence, structure investments and identify potential exits.
- Prudent leverage: GIP's view on leverage is that it must ensure that the investments have appropriate risk profiles. The approach reflects GIP's fundamental view that investment discipline and operational value creation, rather than financial engineering, are the keys to successful infrastructure investing.
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January 27, 2017
Northleaf closes second infra fund at hard cap
Northleaf Capital Partners has announced that it has held the final closing for its second OECD-focused pooled infrastructure fund, Northleaf Infrastructure Capital Partners II (NICP II), at its US$950 million hard cap.
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January 26, 2017
Financial close reached for $1.584 Billion Energy Center in Dover, New York
Cricket Valley Energy Center, LLC, has announced the successful financial close for the construction of the US$1.584 billion Cricket Valley Energy Center, a fully-permitted approximately 1,100-MW combined-cycle natural gas electric generating facility located in Dover, New York.
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January 25, 2017
FirstEnergy to sell natural gas and hydro assets to LS Power Equity Partners
FirstEnergy Corp. has announced it has entered into an agreement to sell four competitive natural gas generating plants in Pennsylvania and its competitive portion of a Virginia hydroelectric power station to a subsidiary of LS Power Equity Partners III, LP, of New York.
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January 24, 2017
Governments of Latin America to discuss investment opportunities for energy projects – Washington, D.C March 2017
Latin American public and private sector leaders will address countries’ policies and strategies to engage investors and stimulate open discussions. 250 energy developers, financiers and public sector stakeholders are expected to attend the meeting from North America and countries across Latin America.
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January 24, 2017
Partners Group and Greystone Infrastructure Fund invest in solar developer
Silicon Ranch Corporation, a U.S. developer, owner, and operator of solar energy plants, has closed on an equity investment round that raised in excess of US$55 million.
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