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Already have an account? Log InThe direct secondaries deal gives the French manager full ownership of the 460 MW Horse Creek and Electra wind farms in Texas, which it has backed since 2018.
The Swiss manager will acquire ownership in the pan-Nordic data center platform through its infrastructure secondaries strategy.
The direct secondary transaction reportedly values the truck leasing company at around €4 billion.
The single-asset CV was executed alongside the sale of a 50% stake in the Peruvian power generation company to CPP Investments.
The deal will see third-party holders sell $306.2 million of GP and LP interests in oil and gas royalties to the second-largest coal producer in the eastern US.
The secondary deal gives GenZero exposure to an Asia-focused mid-market infrastructure portfolio centered on energy transition and sustainable assets.
The transaction consisted of a $775 million primary capital raise and a $225 million secondary purchase from existing investors.
Sustainability-focused asset manager Power Sustainable will retain majority ownership and continue to oversee its operations.
The deal also drew investment from several family offices, including SRF Family Office.
The deal will see the firm buy the interest from Talanx, who will continue to support the company's growth alongside Allianz.