British finance minister announces billions of pounds of tax increases to help catalyze National Wealth Fund ambitions by Kali Persall | Oct 30, 2024 British finance minister Rachel Reeves, chancellor of the exchequer and a member of the United Kingdom’s Labour Party, has delivered the party’s first budget in nearly 15 years, pledging to mobilize £70 billion ($90.9 billion) of investment through the newly created National Wealth Fund (NWF) to spur investment in infrastructure.
KKR and ECP form $50b strategic partnership to support AI growth by Kali Persall | Oct 30, 2024 KKR and Energy Capital Partners have launched a $50 billion strategic partnership aimed at accelerating the development of data center and power generation and transmission infrastructure for the rapid expansion of artificial intelligence (AI) and cloud computing globally.
HMC Capital to snap up Global Switch Australia for $1.4b by Kali Persall | Oct 30, 2024 HMC Capital, an alternative asset manager investing in high-conviction, scalable real asset strategies on behalf of individuals, large institutions and super funds, has agreed to buy Global Switch Australia Holdings (GSAH) for A$2.12 billion ($1.4 billion).
Pine Gate Renewables closes $288m financing with Blackstone Credit & Insurance by Kali Persall | Oct 30, 2024 Pine Gate Renewables, a developer and owner-operator of utility-scale solar and energy storage projects across the United States, has closed a $288 million preferred equity investment with funds affiliated with Blackstone Credit & Insurance (BXCI).
Oregon State Treasury commits total of $150m to Stonepeak fund by Elyse Mackanych | Oct 30, 2024 The Oregon State Treasury recently committed a total of $150 million to Stonepeak Global Renewables Fund II, a renewable-energy fund managed by Stonepeak.
Natural Capital on African Governments’ Balance Sheets initiative introduced at COP16 by Kali Persall | Oct 29, 2024 The Sustainable Markets Initiative (SMI) Africa Council has unveiled a new initiative aimed at making natural assets a core component of national balance sheets.
Accelerate achieves $780m capital raise to drive real estate under critical infrastructure strategy by Kali Persall | Oct 29, 2024 Accelerate Infrastructure Opportunities has announced a $780 million capital raise consisting of a $630 million equity commitment from funds and co-investors managed by CBRE Investment Management (CBRE IM) and a $150 million first-of-its-kind inaugural asset-backed securitization on a diversified portfolio of properties under critical infrastructure assets.
Phoenix Infrastructure achieves commercial close on $800m phase II of P3 project in Maryland by Kali Persall | Oct 29, 2024 Phoenix Infrastructure Group has achieved commercial close with Prince George’s County Public Schools (PGCPS) on the $800 million Blueprint Schools Phase II Project, a public-private partnership (P3) in Prince George’s County, Md.
Prostar Capital hires Matt Lancaster as CFO by Kali Persall | Oct 29, 2024 Prostar Capital, a private investment firm focused on mid-market energy-transition infrastructure in OECD Asia Pacific, has appointed Matt Lancaster as its CFO, reporting to Prostar's senior managing directors, Dave Noakes and Steve Bickerton.
Oregon Public Employees designates $200m for Lotus Infrastructure, Harrison Street funds by Kali Persall | Oct 29, 2024 The Oregon Investment Council (OIC) recently approved $200 million of commitments to two infrastructure funds on behalf of the Oregon Public Employees’ Retirement Fund (OPERF), according to an audio recording from Sept. 4.