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2 weeks ago | 
realassets.ipe.com | Razak Musah Baba
UK workplace pension scheme NEST has provided €530m in seed capital to a new European infrastructure debt fund managed by IFM Investors, as part of its plan to invest £5bn (€5.9bn) in private markets through the manager over the next five years.
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2 weeks ago | 
realassets.ipe.com | Razak Musah Baba
Schroders Capital has raised €2bn for its latest European sub-investment grade infrastructure debt strategy.
The asset manager said its private debt and credit alternatives business secured the capital commitments for its Junior Infrastructure Debt Europe III (JULIE III) fund and its associated co-investments.
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2 weeks ago | 
realassets.ipe.com | Razak Musah Baba
Blackstone’s infrastructure arm is acquiring listed US energy holding company TXNM Energy in a $11.5bn (€10.2bn) deal.
Blackstone is offering NYSE-listed TXNM’s shareholders $61.25 cash for each share they hold, a price that gives the company an enterprise value of $11.5bn, including net debt and preferred stock.
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2 weeks ago | 
realassets.ipe.com | Razak Musah Baba
A consortium comprising impact infrastructure and energy investor STOA and a fund managed by pan-African infrastructure manager Africa50 is acquiring a 49% stake in Morrocan port-based grain handler Mass Céréales al Maghreb (MCM).
STOA and the Africa50 Infrastructure Acceleration Fund (Africa50 IAF) have agreed to buy the stake in MCM from AP Moller Capital’s Africa Infrastructure Fund I. Holmarcom will retain a 51% interest in MCM.
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2 weeks ago | 
realassets.ipe.com | Razak Musah Baba
AP Ejendomme, the property arm of Danish pension fund AP Pension, has sold a 50% stake in a local Copenhagen building complex to a KanAm Grund fund managed on behalf of a north German pension fund.
KanAm has invested an unspecified sum to acquire half of the Svanemølleholm building complex that serves as the new headquarters of Danish financial services firm Nykredit and AP Pension.
The property consists of three building sections and offers a total area of around 75,500sqm.
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3 weeks ago | 
realassets.ipe.com | Razak Musah Baba
A partnership between real asset manager Stonepeak and Energy Equation Partners (EEP) is acquiring a 65% interest in a €2.5bn fuel retailer in Germany and Austria from a subsidiary of energy firm Phillips 66.
Stonepeak and EEP have agreed to buy the majority stake in JET Tankstellen Deutschland from Phillips 66 Continental.
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3 weeks ago | 
realassets.ipe.com | Razak Musah Baba
Five Point Infrastructure is investing up to $1bn (€894m) to create and fund PowerBridge, a North American data-centre developer.
PowerBridge is led by CEO Alex Hernandez who, before establishing PowerBridge, founded and served as CEO of Cumulus Data and also held the position of CEO at Talen Energy.
PowerBridge focuses on the development, construction and management of large-scale data-centre campuses, along with necessary power infrastructure and network connectivity.
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3 weeks ago | 
realassets.ipe.com | Razak Musah Baba
Northleaf Capital Partners has raised $2.6bn (€2.32bn) for its latest infrastructure fund, which targets mid-market investments, with a primary focus on North America.
The manager said the amount raised for Northleaf Infrastructure Capital Partners IV (NICP IV) at its close exceeded the fund’s $2.25bn fundraising target, to reach its hard cap.
Stuart Waugh, managing partner at Northleaf, said: “We are proud to have reached our hard cap for NICP IV.
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3 weeks ago | 
realassets.ipe.com | Razak Musah Baba
ArcLight Capital Partners has become the largest shareholder of Natural Gas Pipeline Company of America (NGPL) with the acquisition of Brookfield Infrastructure Partners’s (BIP) 25% interest to become a 62.5% shareholder, with Kinder Morgan retaining its 37.5% stake in NGPL.
NGPL is one of the largest interstate pipeline systems in the US, spanning nine states, supplying power and heating markets across its footprint and liquefied natural gas facilities in Texas and Louisiana.
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3 weeks ago | 
realassets.ipe.com | Razak Musah Baba
Kayne Anderson has confirmed the close of its latest US oil and gas energy assets fund, securing $2.25bn (€2bn) in total capital commitments.
As reported by IPE Real Assets last month, Kayne Private Energy Income Fund (KPEIF) III was expected to close that month with $2bn in capital commitments, surpassing its $1.5bn target, according to sources at the time.
Kayne Anderson said including co-investments and other associated funds, the strategy has raised over $2.8bn since launching the fundraise.
