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Private equity group Terra Firma is expected to announce plans of a $3bn to $5bn energy infrastructure fund launched in partnership with the China Development Bank (CDB) at its annual investors meeting this week.
The new fund will be marketed in China, according to the Financial Times, however, the groups expect the bulk of clients to be based in the US and Europe.
The vehicle will invest in renewable energy infrastructure projects and companies around the globe, with the sector proving to be among the most successful of the buyout group's investments.
Terra Firma's existing funds, which have a combined €11bn under management, hold three renewables-focused companies already: US-based EverPower; UK energy supplier Infinis; and Italian solar company RTR.
Initial plans were originally put on hold by Terra Firma to raise the funds in spring with a more focused fundraising effort centred on large sovereign-wealth backed institutions.
Last week, Infinis secured £75m from the National Australia Bank to support construction of five wind farms.
Over 2011, Guy Hands-led Terra Firma hit the headlines over its investment in music group EMI and law suits brought by Citi are still on-going.
