Cezary Podkul

Pending a review of its policies by Governor-elect Chris Christie, the state will not make any new commitments to its alternative investment programme.

NordLB, Banco Santander, BNP Paribas and NIBC will finance the private equity firm’s solar and wind projects in Spain and the UK.

Focused on physical assets vital to the transportation, industrial and energy sectors, Alterna's first fund was originally targeting $1bn.

The $116bn Canadian pension's private equity portfolio has recorded a slight uptick in valuations since June.

Canada Pension Plan Investment Board president David Denison credited ‘the continued strength in the equity markets’ for the increase. Real estate posted essentially flat returns in the three months to the end of September

But even as there are more managers seeking more money in the asset class than ever before, the weak fundraising environment is making it difficult for the 99 funds in market to reach their targets. Meanwhile, investors are demanding lower fees, closed-end fund structures and independent management teams, according to a survey by placement agent.

The fund is the first peso-denominated fund focused solely on infrastructure opportunities in Mexico, according to a source close to the firm. A first close is expected to be reached before the end of the year. Macquarie will seek to raise capital from Mexican institutional as well as international investors.

New World Capital's founding principal, Lou Schick, was a senior scientist at GE's global research division.

The fund will invest in generation and transmission assets that have long-term purchase contracts in place for their capacity. The target exceeds its last successful fundraising by $400m.

But despite A$414m in gains from listed fund buyouts and internalisations, the Australian investment bank still posted A$414m in net write-downs due to other adjustments. In May, Macquarie had disclosed A$417m in write-downs across its managed funds.