The deal comes just days after the manager acquired a set of wind farms and builds on its holdings in two sizeable oil storage and pipeline assets.

The sovereign fund says heightened competition has pushed investors towards emerging markets and blurred boundaries with private equity.

Formed in May, the unit helmed by William Barry aims to capture the premium generated through de-risking African renewables projects.

Our semi-annual report suggests H1’s strong fundraising volumes were underpinned by weak foundations. But don’t panic: there’s more to consider.

FOR THE WORLD'S INFRASTRUCTURE MARKETS Infrastructure Investor is a magazine and online news service providing detailed coverage of infrastructure finance and investment globally. It meets the information needs of the funds, financial institutions, governments, developers and other specialists looking for high quality news and analysis on the development of this distinctive asset class, and how you best connect with it. © PEI 2017