Water Infrastructure

ABC Impact Fund II is the second flagship private equity fund managed by ABC Impact, a Singapore-based investment firm focused on generating measurable social and environmental impact across Asia. Launched in August 2023, the fund achieved a final close in April 2025, raising over USD 600 million—doubling the size of its predecessor. The fund secured commitments from a diverse group of global and regional investors, including Temasek, Temasek Trust, the Asian Development Bank (ADB), Mapletree Investments, SeaTown Holdings, a Southeast Asian sovereign wealth fund, a U.S. family office, and various ultra-high-net-worth individuals. The fund targets four key sectors: clean energy and climate resilience, inclusive finance and digital access, healthcare and education, and sustainable food systems. It provides growth capital to innovative, commercially viable companies that contribute to achieving the United Nations Sustainable Development Goals (SDGs). Representative investments include Aye Finance in India, Tekoma Energy in Japan, and DCDC Kidney Care, a leading dialysis provider serving underserved populations in India. ABC Impact implements a disciplined impact measurement and management framework, aligned with international standards such as the Principles for Responsible Investment and the Operating Principles for Impact Management. With total assets under management exceeding USD 900 million, the firm continues to scale private capital solutions that support a more inclusive and sustainable future for Asia.

GEF US Climate Solutions Fund II LP is a private equity fund managed by GEF Capital Partners. It focuses on investing in North America-based lower middle-market companies that have developed solutions to address climate change and pollution mitigation. The fund exceeded its original $250 million target, closing with $325 million of capital commitments. Limited partners in Fund II include various climate change-focused institutions such as Blue Earth Capital, HQ Capital, ODDO BHF, INGKA Investments, GEM Investments, Första AP-fonden, Quilvest Capital Partners, Granite Capital Management, and Nordea. The fund aims to support small-scale businesses critical to the transition to a net zero and circular economy by providing both capital and guidance from impact investors. GEF Capital invests in companies in sectors including clean energy, energy efficiency, waste, water, and resource efficiency. As of May 2024, the fund has invested in six companies: InSite, a Washington DC-headquartered provider of software used by real estate owners and operators to reduce energy usage and improve building performance in order to meet sustainability goals (2021); Lifecycle Renewables, a Massachusetts-based recycler of used cooking oil into a branded heating oil that is used by universities, hospitals and utility companies to attain net zero carbon emission targets (2022); Murf E-Bikes, a California-based designer and maker of electric bikes (2022); Polargy, a California-based designer of energy efficient systems for hot and cold aisle containment systems, modular walls and structural ceilings in data centers (2023); Civic Renewables, a Maryland-based provider of residential solar energy installation services (2023); and Next Step Energy Solutions, a Colorado-based provider of LED lighting systems used in the healthcare, manufacturing and commercial real estate sectors (2023).. With the closing of Fund II, GEF Capital welcomed two new operating partners, bringing expertise in carbon credit development, sales, marketing, and operational support to deepen value creation and impact for portfolio companies. The fund aims to showcase that environmental outcomes can result in strong financial and environmental benefits. FirstPoint Equity served as the lead placement agent for GEF Capital in fundraising for Fund II, attracting a broad spectrum of responsible investors. Additional placement agent services were provided by Asante Capital, TritonLake, and Impactus Partners. Latham & Watkins served as legal counsel for the formation of Fund II.

The GIP Australia Fund II has completed fundraising with aggregate committed capital of A$4.0 billion, at the upper end of the target A$3.0 – 4.0 billion range. The fund has commitments from institutional investors across Australia, Asia, Europe, and North America, with the majority of commitments coming from Australian institutions. GIPA II is a dedicated Australasia-focused open-ended fund that seeks to capture attractive investment opportunities in areas with favorable demographic, economic, and regulatory conditions, as well as rapidly growing demand for private infrastructure investments. The region represents one of the most active infrastructure markets globally, and GIP currently manages investments in nine infrastructure assets in Australia. The fund targets investment opportunities in the energy, transport, digital infrastructure, and water and waste management sectors. It aims to capitalize on opportunities in areas underpinned by favorable demographic, economic, and regulatory conditions, as well as rapidly growing demand for private infrastructure investments. The majority of GIPA II’s commitments, by value, are from Australian institutions.

The GIP Emerging Markets Fund I is focused on investing in infrastructure opportunities in 11 Target Countries in Asia and Latin America. The fund seeks to capture investment opportunities in these geographies that are underpinned by favorable demographic, economic, and regulatory conditions coupled with a rapidly growing demand for private infrastructure investments. This indicates a focus on sectors such as energy, transport, digital infrastructure, and water and waste management. The fund closed $2.1 billion in commitments in March 2024. The fund has attracted a diversified investor base, including public and private pension plans, sovereign wealth funds, insurance companies, financial institutions, asset managers, endowments, and family offices across North America, Europe, Asia, and the Middle East. This indicates a broad geographic focus and a wide range of potential investment targets within the emerging markets. With over $1 billion already deployed across a diversified portfolio of assets, the fund has a financial target of making significant investments in infrastructure projects in the target countries. The fund's leadership expressed confidence in the investment climate in these emerging markets, emphasizing the potential for positive economic impact for communities.

ISQ Global Infrastructure Fund III is a 2021 vintage infrastructure value-added fund managed by I Squared Capital. The fund closed at its legal cap of $15 billion, surpassing the initial target of $12 billion, with commitments from over 200 institutional investors across 27 countries. Including a dedicated co-investment vehicle, the fund has $15.5 billion in investable capital. The fund focuses on investments in sectors such as transportation, water and waste management, telecommunications, renewable energy, supply chains and logistics, energy transition, and digital infrastructure. It aims to make impact investments in infrastructure, preferring to invest in 15 to 20 companies globally. ISQ Global Infrastructure Fund III seeks to address critical challenges in a post-COVID world, including climate change, supply chain disruptions, digital transformation, and the energy transition. The fund targets gross returns of 15–20% and a cash yield of 6%.

Oaktree Power Opportunities Fund VII is the latest installment in Oaktree Capital Management’s long-running strategy focused on investing in companies that provide essential products and services to critical infrastructure sectors. With a target size of $2.5 billion, the fund aims to capitalize on transformative trends such as decarbonization, electrification, and modernization of utility networks. It seeks to partner with established businesses that are well-positioned to benefit from these shifts, particularly in the electric power, natural gas, water, and wastewater industries. The fund's investment approach emphasizes value creation through operational improvements and strategic growth initiatives. Oaktree leverages its deep sector expertise and extensive executive network to work closely with portfolio company management teams. This collaborative approach aims to drive performance enhancements, identify new market opportunities, and strengthen operational capabilities. Geographically, Fund VII focuses on opportunities in North America and Europe, regions where infrastructure modernization and energy transition efforts are accelerating. The fund targets companies that are not startups or turnarounds but are proven performers with strong market positions. By investing in such companies, Oaktree aims to generate attractive risk-adjusted returns for its investors while contributing to the advancement of critical infrastructure.

Partners Group Direct Infrastructure IV is an infrastructure value added fund managed by Swiss private equity investor Partners Group. The fund was launched in 2023 and it has a fundraising target of around $8 billion. Its predecessor was called Partners Group Direct Infrastructure 2020, which closed at $6.4 billion in 2022. Partners Group Direct Infrastructure IV seeks ESG investment. This fund is an article 8 under EU SFDR. Partners Group invests in the following themes around infrastructure: - Decarbonization & Sustainability: clean power, low carbon fuel, carbon management, water sustainability and circular economy. - New living: new mobility, social infrastructure and critical supply chain. - Digitization & Automation: data transmission and data storage and services.

The Eurazeo Planetary Boundaries Fund 1 (EPBF) is a next-generation impact buyout vehicle focused on companies that contribute to restoring or adapting to Earth’s critical environmental limits, as defined by the planetary boundaries framework. Launched with a target of €750 million, the fund invests in small to mid-market companies offering scalable solutions in areas like circular economy, biodiversity, low-carbon energy, and sustainable agriculture. EPBF integrates scientific guidance and measurable impact KPIs into its investment strategy, aligning financial success with environmental progress. Managed by Eurazeo partners Erwann Le Ligné and Wilfried Piskula, the fund is backed by a high-level advisory board with experts from science, policy, and industry. Its first investment is in Bioline AgroSciences, a leader in natural pest control, marking a strong commitment to eco-positive innovation.