(Bloomberg) -- Australia’s Macquarie Group Ltd. is in talks about a potential acquisition of Kuwaiti plane leasing firm Alafco Aviation Lease & Finance Co., according to people with knowledge of the matter. Alafco climbed.Most Read from BloombergThe World’s Bubbliest Housing Markets Are Flashing Warning SignsElon Musk Says New Tesla Plants Are ‘Money Furnaces’ Losing BillionsJuul Soon to Be Ordered Off the Market by FDA, WSJ ReportsPowell Says Soft Landing ‘Very Challenging;’ Recession PossibleS
The fund, which was launched in 2020, received the commitments from a diverse range of returning and new institutional investors, including pension funds, insurance companies and sovereign wealth funds, Macquarie said. "The infrastructure markets across Asia-Pacific have been maturing at a particularly fast rate, and our clients continue to value the investment merits brought by infrastructure," said Frank Kwok, head of Macquarie Asset Management's real assets business in Asia-Pacific.
The new business, Corio Generation, will be part of Macquarie's Green Investment Group (GIG) and will have a global project pipeline of 15 gigawatts, one of the largest in the world, the company said. GIG, which Macquarie acquired from the British government in 2017, currently has green energy projects under development to generate 35 gigawatts of power.