Global Infrastructure Partners (GIP)’s Post

Foresight Group Holdings Ltd. has reached a first closing of its Foresight Energy Infrastructure Partners II SCSp (FEIP II) fund after securing €300 million of commitments. FEIP II brought in two new cornerstone investors to the strategy’s first close, including Border To Coast Pensions Partnership, a UK pension pool for Local Government Pension Schemes. Foresight Group noted that ‘momentum for future fund closes is strong’, supported by ‘multiple ongoing discussions with existing and new investors’. Foresight added that it was confident of reaching at least its target fundraise of €1.25 billion during 2025, marking a scaling up of nearly 50% on the prior vintage. “We are delighted to announce the first close of the second vintage of our flagship energy transition fund,” said Dan Wells, Partner Foresight Group, Fund Manager. “With the support of our investors, we are well positioned to continue our further fundraising momentum as we look to provide vital investment in the energy transition in Europe and beyond.” Richard Thompson, Partner Foresight Group, Fund Manager, added: “We look forward to building upon the success of Fund I, investing in key strategic energy assets that remove bottlenecks to the energy transition facilitating the deployment of more renewables and the achievement of net zero goals. “These critical infrastructure assets have long term value and in conjunction with FEIP’s unique approach to portfolio construction, are expected to deliver superior risk-adjusted returns for our investors.” FEIP II has a remit to invest in a diversified portfolio of energy infrastructure assets, such as renewable energy generation, energy storage and grid infrastructure. #cleanenergy

Southerly Ten is powered by Copenhagen Infrastructure Partners (CIP) - the world’s largest fund manager dedicated to greenfield renewable energy investments and a global leader in offshore wind. CIP invests for impact, with a goal to deploy more than $150 billion of equity to reduce global carbon emissions by 1% by 2030. CIP's investors include more than 170 prominent institutional investors and by partnering with superannuation funds worldwide, CIP is also building worker’s retirement nest eggs with investments that support the global energy transition. Southerly Ten is leading the development of offshore wind projects across Australia on behalf of CIP's flagship funds – including Australia’s most advanced offshore wind farm, Star of the South. Through CIP's global network, our team has access to over 1,850 energy specialists worldwide. We have the best minds on the job. #OffshoreWind #Australia #investors #SoutherlyTen #global #RenewableEnergy

EnCap Investments Raises $1.5bn for Second US Energy Transition Fund 🌿 EnCap Investments L.L.C Investments has successfully closed its second US energy transition fund, raising an impressive $1.5bn (€1.4bn). This exceeds the $1.2bn raised for its first fund in May 2021. Significant commitments include $50m from Arkansas Teacher Retirement System, $80m from Ohio Police & Fire Pension Fund, and $75m from Orange County Employees Retirement System. EETF II is focused on decarbonizing the power industry and investing in low carbon fuels and carbon management. It has already committed to five portfolio companies: Linea Energy, Parliament Solar, PowerTransitions, Arbor Renewable Gas, and Bildmore Renewables. Jim Hughes, managing partner, highlighted their robust investor support and ongoing investment opportunities in renewables, energy storage, clean fuels, and carbon solutions. Jason DeLorenzo, managing partner, expressed pride in the fund’s success and their mission to meet global energy needs. EnCap now manages approximately $2.7bn dedicated to decarbonization since its inception in 2019. This fund exemplifies the increasing commitment from both public and private sectors to address climate change and support a sustainable future. Investments like these are essential for accelerating the transition to a low-carbon economy. They provide the necessary capital to scale up renewable energy projects, develop new technologies, and create jobs, thereby ensuring a more sustainable and secure energy future. As EnCap continues to lead with strategic investments, it sets a powerful precedent for others in the industry to follow, highlighting the crucial role of financial markets in driving the energy transition. 📈 #EnergyTransition #RenewableEnergy #SustainableInvesting

US investment giant BlackRock Inc (NYSE:BLK) has clinched a multibillion-dollar deal to acquire private equity firm Global Infrastructure Partners (GIP) in a move that will expand its infrastructure and #energy security investment in the global decarbonisation setting. BlackRock, the world’s biggest asset manager, said on Friday it will pay USD 3 billion (EUR 2.74bn) in cash and about 12 million common stock shares, worth about USD 9.5 billion at Thursday’s close. Set up in 2006, GIP manages more than USD 100 billion worth of assets in the energy, transport, water and waste and digital sectors, among others. The company's portfolio includes investments in major #renewableenergy platforms such as ACS Renewables, Latin America-focused Atlas Renewable Energy, Vena Energy, Skyborn Renewables and Eolian. Its renewables portfolio at end-2022 consisted of onshore and offshore wind, solar, hydropower and energy storage assets totalling 19 GW. Combining GIP with the BlackRock-managed infrastructure assets will create a business with more than USD 150 billion in infrastructure investments across a diversified portfolio including airport, data centre, water and waste and renewable energy assets globally. “We believe the expansion of both physical and digital infrastructure will continue to accelerate, as governments prioritize self-sufficiency and security through increased domestic industrial capacity, energy independence, and onshoring or near-shoring of critical sectors,” said Laurence Fink, BlackRock’s chairman and CEO. Once the deal closes in the third quarter of 2024, the combined infrastructure platform will be led by GIP’s management team. https://lnkd.in/dRxHev-w

Schroders Greencoat LLP is set to majority acquire Toucan Energy’s portfolio of 53 operational solar farms in the UK. The portfolio has a combined capacity of 513.5 MWp and is located across England, Wales, and Northern Ireland. “We are thrilled to have agreed to acquire the largest operational solar portfolio put to market in the UK,” said Lee Moscovitch, Partner at Schroders Greencoat. “This is a major achievement for Schroders Greencoat, particularly given the size, complexity and number of stakeholders involved in the transaction." Schroders Greencoat’s new solar portfolio has the capability to power an approximately 184,000 homes per annum, and is valued at approximately £700 million. The majority of the portfolio will be acquired by Schroders Greencoat managed funds, such as Greencoat Solar II LP and Greencoat Renewable Income LP, along with recently launched mandates. Notably, a substantial part of the acquisition involves six Local Government Pension Schemes – Avon, Cornwall, Devon, Gloucestershire, Oxfordshire, and Wiltshire Funds – through Schroders Greencoat Wessex Gardens LP. Tokyo Century Corporation / 東京センチュリー will also participate as a co-investor in this acquisition. This acquisition follows a competitive bidding process overseen by the joint administrators of Toucan Energy Holdings 1 Limited at Interpath Advisory. “We are delighted to have reached this landmark agreement with Schroders Greencoat which will see this excellent solar portfolio move into new ownership, delivering optimum value and generating a significant return for the portfolio’s creditors,” added Jim Tucker, Managing Director at Interpath Advisory and joint administrator of Toucan Energy Holdings 1 Limited. “This was a highly competitive sales process, requiring substantial preparation, due in no small part to the fact that assets of this scale and quality rarely come to market. We look forward to the transaction completing in the coming weeks.” RBC Capital Markets served as the exclusive financial adviser to Schroders Greencoat on the transaction, with additional advisory support from Eversheds Sutherland, Evergy, and PwC. The joint administrators at Interpath Advisory were assisted by KPMG LLP (M&A), Herbert Smith Freehills LLP (Legal), Interpath Advisory (Financial & Tax), Cornwall Insight Ltd (Commercial), THE NATURAL POWER CONSULTANTS LIMITED (Technical), and the management team of Toucan. #cleanenergy

🌍 Big Moves in Renewable Energy! 🌞 Carlyle's Renewable & Sustainable Energy Fund II just hit a major milestone, topping $1bn thanks to a hefty $200m investment from the New York State Common Retirement Fund. 🚀 This fund is not just about numbers; it's a beacon of progress, targeting a total of $1.6bn to invest in renewable and sustainable energy companies and assets. From solar and wind to battery storage and electric vehicle infrastructure, Carlyle is driving forward with investments that matter for our planet. 🌱💡 With a strategy focused on impactful investments in OECD countries, this move signals a robust demand for green and sustainable energy solutions. 🌎✨ For more details, check out the full article below 🔗 :

💼$6bn M&A Marathon! PE firms' and Pensions Funds' Dominance in UK's Onshore Renewables Landscape Emphasized by Railpen's Latest Acquisition 🔍 M&A Activity: PE firms have been leading the UK's onshore renewable energy M&A since early 2023, accounting for over 40% of the acquisition activity for solar, wind, and storage assets. These transactions represent a cumulative deal value of ~$6bn. 🌱 Deal Targets: The majority of the purchases focused on either operational assets with a stable route to market or corporate investments in platforms with extensive early-stage pipelines. 🏷️ Railpen Investments: Recently, pension fund Railpen Investments acquired a 50% stake in AGR Power, a developer of solar, onshore wind, and BESS projects. This marks Railpen's sixth deal in the UK, providing access to over 2.5 GW of early-stage development pipeline. #RenewableEnergy #MergersAndAcquisitions #GreenInvestment #SustainableDevelopment #EnergySector #InvestmentTrends #PrivateEquity #EconomicGrowth #UKRenewables #Railpen

GREENALIA, a pioneer in sustainable power generation, has secured $200M in funding to propel its U.S. renewable energy endeavors. Three-year credit facilities, supported by Greenalia Power US Advanced II, LLC, will fuel the development of solar, wind, and energy storage projects throughout the nation. Nomura Securities International led the charge as sole underwriter, arranger, and bookrunner, demonstrating their commitment to Greenalia's ambitious goals. PEI Global Partners served as exclusive financial advisor, ensuring optimal results. Legal expertise came courtesy of Holland & Knight LLP and Norton Rose Fulbright. With this landmark achievement, Greenalia embarks on a bold path towards expanding its presence in the U.S. market. Proceeds from the financing will enable Greenalia US to acquire, develop, construct, and operate utility-scale renewable energy projects, thus advancing its project portfolio. "We celebrate this monumental step in our U.S. expansion," said Antonio Fernández-Montells Rodríguez, CFO of Greenalia S.A. "Vinod Mukani, Head of Nomura Infrastructure & Power Business, expressed his enthusiasm regarding the partnership with Greenalia, stating, "Together, we envision unlocking the full potential of Greenalia's renewable energy project development capabilities in the U.S." #solarpower #solarenergy #solarindustry #cleanenergy #cleanenergytransition #solar #usa #finance #financing

Really proud of the Segue Sustainable Infrastructure team for reaching this milestone. You don't get a second one without showing a very promising trajectory with the first pool of money, and the team here has worked relentlessly and intelligently to turn my pontifications into tangible - and in many cases realized - value. We're really excited to have "dry powder" in a market that badly needs flexible, risk-tolerant capital. Though the macroeconomic and geopolitical conditions around the #energytransition can make it hard to chart a course, the fundamental need for #cleanenergy, a stable, reliable #electricitygrid, and #electrification remains existentially large and unaffected. We're here to play our small role in pushing the world closer to a #sustainable equilibrium while delivering good risk-adjusted investment returns along the way.