The Australian Retirement Trust and Abu Dhabi sovereign investor Mubadala joined a capital raise for U.S.-focused infrastructure site platform Accelerate Infrastructure Opportunities, alongside investors including CBRE Investment Management.
The latest fundraising round includes $630M in primary capital, with follow-on commitments from CBRE, Mubadala, ART and other investors bringing aggregate equity commitments to $1.26B, according to a press release.
Founded in 2022, Accelerate owns and operates real-estate assets tied to critical infrastructure. The platform has assembled a portfolio of more than 400 sites across 47 U.S. states.
In the release, Accelerate Chief Executive and Founder Brennan Potts said the level of investor support reflected confidence in infrastructure assets capable of generating long-duration income streams. He noted the additional capital would allow the platform to expand its exposure to opportunities linked to digital networks, renewable power and transportation infrastructure.
Rising demand for digital connectivity, renewable power and mobility infrastructure was driving the need for platforms such as Accelerate, Mubadala Head of Americas Infrastructure Giovanni Oddo said in the release. He also highlighted that the investment strengthens Mubadala’s U.S. infrastructure footprint and aligns with its strategy of investing in assets tied to digital connectivity and energy systems.
In the release, CBRE Investment Management Managing Director Robert Shaw said the manager was increasing its backing of Accelerate while bringing in new institutional investors, including Mubadala and ART. He added that the capital would support the continued expansion of Accelerate’s infrastructure real-estate portfolio and help generate stable long-term returns for investors.