Fund News

Investment fund managers have been rapidly building multi-billion-dollar war chests, and are taking aim at the US power sector.

SUSI Partners has closed on a senior secured funding facility for OBE Power Networks, the Miami-based electric vehicle (EV) charging company.

Lacuna Sustainable Investments has upped its equity investment in renewables developer Bear Peak Power.

Ares Management Corporation has reached final close on its fifth infrastructure fund at around $5 billion.

Andros Capital Partners has closed its second energy fund – Andros Energy Capital II – at its $750 million hard cap.

Alternative asset management firm, Apollo Global Capital, is set to launch an infrastructure credit platform, PFR understands.

EQT is set to acquire Madison Energy Investments (MEI) from infrastructure and real assets fund manager Stonepeak Partners.

Ex-Macquarie Renewables chief executive, Bill Green, has raised more than $1 billion for his investment firm Climate Adaptive Infrastructure (CAI).

Energy Impact Partners' EIP Deep Decarbonization Frontier Fund I LP (Frontier Fund) had closed with oversubscription at $485 million.

BlackRock Alternatives, through a fund managed by its diversified infrastructure business, has agreed to acquire Jupiter Power – a leading operator and developer of stand-alone, utility-scale battery energy storage systems (BESS).