Norway plans to withdraw 608.4 billion crowns ($63.7 billion) from its Government Pension Fund Global in 2027, up 4.9 billion crowns from 2026 and equal to 2.7 percent of the fund, under the national budget presented October 7. The fund posted a record $185 billion first-half profit in 2026. Separately, the budget showed sharp cost increases at three offshore projects: Aker BP’s Yggdrasil revised 10 percent higher to NOK 195 billion, Valhall PWP-Fenris up 23 percent to NOK 93.4 billion.
Bridgepoint exceeded its €28 billion fundraising target three months ahead of schedule, AltAssets reported October 8, with its latest European buyout fund approaching an €8.65 billion hard cap as strong Energy Capital Partners performance drives expected carried interest sharply higher. Global private equity exit value jumped 65 percent in the third quarter to $481.6 billion, AltAssets reported from PitchBook data.
Avaada Electro, the solar manufacturing arm of India’s Avaada Group, is planning a ₹7,600 crore ($790 million) IPO with a November timeline, Bloomberg reported October 8. The structure is a ₹1,600 crore fresh issue plus a ₹6,000 crore offer for sale by promoter Avaada Ventures; the company operates 8.5 GW of module capacity and filed its updated draft prospectus in August.
Maryland netted 440 MW / 1,760 MWh of awards in its first bulk energy storage procurement under the Next Generation Energy Act, Utility Dive reported October 6. The two projects are Flatiron Energy’s 400 MW Chalk Point Storage Project and REV Renewables’ 40 MW Jade Meadow III project; the round fell short of the state’s 800 MW target.
The US Department of Transportation awarded $426 million for critical infrastructure projects in 12 states through the INFRA program, Construction Dive reported October 6, with the largest awards including $85.1 million for a highway in Kentucky and $85 million for I-4 lanes in Florida.
Boka Capital is targeting $300 million for its third defence fund, PE Hub reported October 7, arguing that increased defense spending has compressed the timeline from investment to scale.
Morgan Stanley is selling pieces of a $3 billion Royal Caribbean loan, Bloomberg reported October 7, a sign of banks continuing to recycle leveraged-loan exposure. The underlying financing backs Royal Caribbean’s $3 billion acquisition of a 50 percent stake in Sandals and Beaches Resorts, announced September 23 with committed debt financing from Morgan Stanley and a 2027 closing.
Indonesia’s Danantara, the state investment agency, is merging industrial zones to spur investment into the country, Antara reported October 8 (in Indonesian), while separately deciding not to merge shipping lines Pelni and Pelindo because of business-model differences.
Carry-over: Informa/Clarion (£2.24bn, regulatory review underway, completion expected late Q4) and the SpaceX $40bn planned financing show no new developments since October 6-7. The Constellation/Google 890 MW nuclear deal is covered under the technology beat. The DOE’s $4.2bn conditional loan to Vistra remains conditional with no new milestones. The EC’s €1.24bn Ukraine defence disbursement stands with no new payment announced.