http://www.newenergyworldnetwork.com/renewable-energy-news/by-technology/solar/partners-group-closes-global-infrastructure-fund-at-e500m.html
Private equity investor Partners Group has closed the global infrastructure fund that it launched in 2009, which has invested in Italy-based solar, €500m.
Investors in the Partners Group Global Infrastructure 2009 programme include public and corporate pension plans, financial institutions and other unnamed limited partners.
Partners Group plans to continue to invest in renewable energies, a spokesperson for the group told NewNet.
‘We will continue to do investments in renewable energies and this sector will remain a strategic focus in our investment activities,’ Anna Holman, a spokesperson for Partners Group revealed to NewNet.
The attractive investment environment and strong demand from clients led the fund to close at its agreed hard cap, Partners Group said.
Partners Group head of private infrastructure Michael Barben said, ‘In an environment of increased economic and financial uncertainty, investors are looking for assets with stable cash flows, inflation protection and significant cash yield, all quintessential characteristics of the infrastructure asset class.’
The fund grew a portfolio of 17 investments at the end of fiscal 2010, which Partners Group said enabled it to mitigate the J-curve effect typical of most private markets investment programmes.
It recently invested in the Rovigo 71MW solar photovoltaic power plant in Italy and a number of secondary investments.
Partners Group Global Infrastructure 2009 has exposure to more than a dozen countries including, among others, the UK, Australia, Italy, India, the Netherlands, France, Sweden and Brazil.