Polus Capital Management, the Mediobanca-owned alternative credit manager, is reported to have gathered about $600 million so far for its second special situations fund, having returned to market after deploying almost all of its 890 million euro predecessor fund. The figure is single-sourced to AltAssets reporting and the raise is still in progress, so treat the total as provisional.
Dutch private equity firm HC Partners has closed its third fund at its 100 million euro hard cap, above an original 80 million euro target and nearly double the size of its previous vehicle, with commitments from all of its existing institutional investors, AltAssets reported. The close follows two sponsor exits from the firm’s portfolio.
BloombergNEF has raised its United States energy storage outlook by 30 percent from six months ago, forecasting cumulative deployments of 213.9 gigawatts by 2030 and 434.4 gigawatts by 2036, despite trade barriers and project cost inflation. BNEF counts 40.9 percent combined duties on stationary storage batteries imported from mainland China, and sees on-site data center storage growing from 500 megawatts in 2025 to 4.9 gigawatts this year. Globally it expects 3,098 gigawatts and 11,106 gigawatt hours deployed by 2036, roughly ten times today’s levels.
A Turner Construction-led joint venture has completed a $300 million higher education facility in Cleveland for Case Western Reserve University, Construction Dive reported, a completion rather than a new award. In India, Shapoorji Pallonji group is reported by Bloomberg to be seeking to raise up to $200 million to repay debt; that item is single-sourced Bloomberg reporting and no company statement was read in this run. Bloomberg also carried a video feature on Dallas Fort Worth airport’s $12 billion transformation programme; no new financing step was reported with it, so it is noted here rather than written up.