Zak Bentley
The Pensions Infrastructure Platform, acting on behalf of Railpen, has provided the funds needed to refinance rooftop solar assets owned by Foresight.
Five institutional investors have committed to the vehicle, which is hard-capped at €1.5bn and expected to close before next summer.
A majority of institutions that committed to the vehicle, which is already more than one-third deployed, are first-time investors in infrastructure debt.