Zak Bentley
Stonepeak is looking to other investors to raise around $1bn for the strategy, although a formal fundraise is not planned, Infrastructure Investor understands.
Exceeding its $17bn target, the Brookfield Global Transition Fund II received a substantial $1.5bn commitment from NBIM last month.
The manager is believed to be pre-marketing the vehicle, which will look to adopt a brown-to-green transition approach.
BlackRock’s deal will see it partner with New York-listed Occidental to build the world’s largest direct air capture facility.
The €1bn-target vehicle aims to offer a 'comprehensive and differentiated financing solution to projects and players involved in the energy transition', according to an announcement.
The Canadian pension, alongside IKAV, is looking to make California’s second-largest oil and gas producer a 'net-neutral' emitter by 2033, its sustainable energies head Bruce Hogg tells us.
The annex fund was raised amid a rising opportunity set in energy transition, according to managing partner Reuben Munger.
The GIG Energy Climate Opportunities vehicle is set to launch early next year, with an initial closing later in 2023.
Macquarie GIG Energy Transition Solutions is targeting a net IRR of 13 percent to 15 percent, according to documents seen by Infrastructure Investor.
The watered-down climate bill is nevertheless a more holistic attempt to foster the realities of the energy transition.