Fund News

Brookfield Asset Management has agreed to invest up to $1.1 billion in Infinium, a California-headquartered producer of ultra-low carbon fuels including SAF.

US middle-market energy and infrastructure private equity firm Kohlberg & Company has acquired a majority stake in North American energy efficiency, transition, sustainability services company CLEAResult from TPG Growth's Rise Fund.

US-based LS Power has reached final close on its fifth power and energy fund at $2.7 billion, above a $2.5 billion target.

Sustainable infrastructure investment manager Generate Capital has closed a $64 million investment from KeyState Renewables for community solar in New York.

Competitive Power Ventures (CPV) Group will sell 33% of its affiliate CPV Renewable Power to real assets-focused investment management firm Harrison Street for $300 million, PFR understands.

Fundraising for infrastructure funds globally was challenging in H1 2024, with data from sister publication IJInvestor revealing that $57.85 billion was raised by 40 funds that hit final close. North America-focused funds too have not been popular among investors over the last 2 half years, representing just 11% of capital raised.

Manulife Investment Management has invested $250 million into Hunt Energy Network to develop and operate dispatchable power resources in ERCOT.

Leonid Capital Partners, a credit investment manager, has provided a $12 million revolving line of credit to nuclear waste-to-energy developer Zeno Power.

Greenbacker Capital Management has invested in newly formed 3V Infrastructure, a US-based EV charging infrastructure owner and operator.

Bernhard Capital Partners (BCP) yesterday (5 August) agreed to acquire New Mexico Gas Company (NMGC) from Emera in a deal worth $1.25 billion.