Quinbrook has raised $3 billion in new capital commitments for the NZPF
It comes from a host of new institutional investors from various geographies
With this, it has now exceeded $4.3 billion in capital from 3 funds over the last 12 months
Global infrastructure-focused investment manager Quinbrook Infrastructure Partners has achieved financial close for its Net Zero Power Fund (NZPF) having raised $3 billion of new capital commitments. It is the company’s largest fund raise to date.
Through the NZPF, Quinbrook said it will invest in large-scale solar and storage, sustainable infrastructure solutions for hyperscale data center customers, renewable fuels production, synchronous condensers providing direct grid support and contracted battery storage in strategic locations.
“We seek higher ‘value add’ returns from infrastructure opportunities offered by the energy transition that enable us to secure long term contracted revenues from top tier customers,” said Co-Founder and Managing Partner of Quinbrook, David Scaysbrook.
The 5th successive energy transition fund in its kitty, NZPF secured commitments from new institutional investors from the US, Canada, Australia, UK, Sweden, Norway, Finland, and the European Union (EU). These comprise a mix of pension, sovereign, and insurance institutions along with family offices, endowments and fund of funds.
Quinbrook has now raised more than $4.3 billion in capital raise from the 3 funds it closed over the last year. These include $600 million for the Quinbrook Valley of Fire Fund for solar+storage, and GBP 620 million Quinbrook Renewables Impact Fund.
It has already invested and committed more than half of the total committed capital to date across its existing portfolio, and expects to be fully committed within the next 12 months.
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