Category Archives: News

La Caisse partners with Novisto to help organizations prepare for their sustainability transition

LaCaisse

Novisto, a leading corporate sustainability management platform, and La Caisse, a global investment group, announce the conclusion of an agreement and an investment by La Caisse in Novisto. This transaction aims to accelerate the company’s growth and strengthen organizations’ access to technological solutions that facilitate the management of sustainability-related information within the context of the transition to a low-carbon economy.

Over the past few years, Novisto has established itself as a key player in its sector by helping companies better manage the quality, traceability, and comparability of sustainability data amid rapidly evolving global disclosure requirements.

La Caisse’s entry into Novisto’s capital occurs during a phase of strong international growth and is based on a shared vision: data technologies are essential for integrating climate and extra-financial issues into business and investment practices. This collaboration will support the continued evolution of Novisto’s platform and its offerings.

The transaction aligns with La Caisse’s 2025‑2030 climate strategy, which focuses on supporting companies through the energy transition. Several of La Caisse’s portfolio companies—including CAE, Boralex et Couche‑Tard—already utilize the Novisto platform.

“Our commitment to Novisto, a Québec-based company with a strong presence both locally and abroad, reflects our desire to support companies offering concrete solutions to the major challenges of our time and to turn them into champions of their sector. By helping organizations better structure their sustainability data, Novisto contributes to accelerating the transition to a greener economy. This investment also enhances our portfolio while fostering greater synergies and the sharing of expertise,” said Kim Thomassin, Executive Vice-President and Head of Québec, La Caisse.

This partnership comes at a time when companies face increasing pressure from regulations, such as the European CSRD and climate disclosure laws in California. Novisto has become a benchmark solution for organizations that view sustainability not merely as a compliance exercise, but as a central element of corporate governance.

“The management and reporting of sustainability data have become a pillar of corporate resilience,” said Charles Assaf, CEO and co-founder of Novisto. “La Caisse is a global leader in sustainable investment, and this partnership confirms Novisto’s role in the transition. Together, we provide the world’s largest organizations with the auditable data necessary to move from climate commitments to verifiable climate action.”

ABOUT LA CAISSE

For more than 60 years, La Caisse has invested with a dual mandate: generate optimal long-term returns for its 48 depositors, who represent over six million Quebecers, while contributing to Québec’s economic development.

As a global investment group, La Caisse is active in major financial markets, private equity, infrastructure, real estate and private credit. As at December 31, 2025, its net assets totalled CAD 517 billion. Learn more at lacaisse.com, LinkedIn and Instagram.

La Caisse is a registered trademark of Caisse de dépôt et placement du Québec that is protected in Canada and other jurisdictions and licensed for use by its subsidiaries.

ABOUT NOVISTO

Novisto is the enterprise system of intelligence for sustainability management. By integrating ESG, carbon, and risk data into a single, audit-ready architecture, Novisto provides global organizations with the transparency required for modern regulatory environments. The platform serves a premier list of Global 2000 companies including Sanofi, Alimentation Couche‑Tard (Circle K), and Synopsys. Across 12+ critical industry segments—from Finance and Energy to Mining and Deep Tech—Novisto powers the ESG excellence of the world’s most complex enterprises. To learn more visit www.novisto.com, LinkedIn.

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AllianceBernstein, Brookfield, and Carlyle Unveil Turnkey Private-Markets Solution for Defined Contribution Plans

Carlyle

NASHVILLE and NEW YORK, NY – May 20, 2026 – AllianceBernstein Holding L.P. (NYSE: AB), Brookfield Asset Management (NYSE: BAM), and Carlyle (NASDAQ: CG) today announced a collaboration to deliver an innovative, turnkey private markets solution for Defined Contribution (DC) plans providing broader asset class diversification to retirement savers. Designed for implementation alongside an existing target-date fund or managed-account solution, “ABC [ONE]” is intended to be a single source of private-markets exposure for a DC plan’s Qualified Default Investment Alternative (QDIA). The solution will dynamically adjust private asset allocations across private credit, private real assets and private equity, depending on a participant’s stage in their retirement-savings journey.

AB, a leader in glide path design and asset allocation with $105 billion* in AUM in custom target date solutions, will manage the allocation to the three private market asset components alongside the plan’s existing QDIA, based on participants’ ages and preferences.

Global alternative investment firm Brookfield will manage the private real assets component, global investment firm Carlyle will manage the private equity component, and AB will manage the private credit component.

ABC [ONE] is built to address changing market dynamics, with inflation-adjusted returns expected to be lower in the decade ahead and public markets offering less diversification. By incorporating private market assets with professionally managed DC retirement solutions – such as target-date funds – ABC [ONE] seeks to offer the potential to enhance returns and improve diversification alongside public market exposures.

“We’re pleased to bring together Brookfield, Carlyle and AB to provide a turnkey private markets solution to DC plans that gives retirement savers an allocation to private markets that dynamically adjusts by age,” said Onur Erzan, President of AllianceBernstein. “For more than a decade, AB has been incorporating private assets in custom target-date funds, in both the US and the UK. Based on our investment research and hands-on experience, we believe that when a plan decides to include them, it’s critical to optimize the deployment of these assets for DC participants.”

“We are excited to bring the breadth of Brookfield’s private strategies to the defined contribution space, alongside a market-leading target-date manager,” said Connor Teskey, CEO of Brookfield Asset Management. “With more than 125 years of experience owning, operating and investing in the infrastructure, energy and real estate assets that underpin the global economy, we believe private real assets offer compelling diversification benefits and differentiated return drivers that can support more stable, resilient long-term outcomes for DC participants.”

“We believe private equity can play a meaningful role in enhancing retirement outcomes over time,” said John Redett, Co-President and Head of Global Private Equity at Carlyle. “Our global private equity platform draws on decades of deep experience investing across cycles, sectors, and regions. By combining expertise with a diversified investment approach, we aim to help investors access opportunities aligned with long-term retirement needs. We’re pleased to collaborate to deliver a thoughtfully designed solution that brings together complementary strengths for DC plans.”

ABC [ONE] will use AB’s proprietary DC technology platform, which enables the firm to deliver highly customized default solutions to clients and effectively operationalize them with key business partners such as recordkeepers.

*AUM as of Q1 2026

About AllianceBernstein

AllianceBernstein (AB) is a leading global investment management firm that offers diversified investment services to institutional investors, individuals and private wealth clients in major world markets. As of April 30, 2026, AB had $881 billion in assets under management. AB is a subsidiary of Equitable Holdings, Inc., (EQH), a leading financial services holding company comprised of well-established and complementary businesses. Equitable Holdings, Inc., directly and through various subsidiaries, owns an approximate 68% economic interest in AB as of March 31, 2026. For more information about AB, visit www.alliancebernstein.com.

About Brookfield Asset Management 

Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management across infrastructure, energy, private equity, real estate, and credit. We invest client capital for the long term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world — including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. We draw on Brookfield’s heritage as an owner and operator to invest for value and generate strong returns for our clients, across economic cycles. For more information, please visit brookfield.com.

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $475 billion of assets under management as of March 31, 2026, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we live and invest. Carlyle employs more than 2,500 people in 28 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.

CONTACTS:

AllianceBernstein Media Contact 

Carly Symington, (615) 417-5701

Carly.Symington@alliancebernstein.com

Brookfield Media Contact 

Rachel Wood, (980) 428-3539

rachel.wood@brookfield.com

Brookfield Investor Relations Contact

Jason Fooks, 866.989.0311

jason.fooks@brookfield.com

Carlyle Media Contact 

Isabelle Jeffrey, (212) 332-6394

Isabelle.Jeffrey@carlyle.com

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Verdane partners with ETERNO to scale its AI-native operating system across Germany’s outpatient care

Verdane Capital

ETERNO, a Berlin-based healthcare technology company, has secured a significant investment from Verdane for the expansion of its AI-native platform for outpatient care. The investment underscores the increasing importance of modernising one of Europe’s most fragmented and under-digitalised sectors.

Across Europe, healthcare systems remain heavily constrained by administrative inefficiencies. Doctors spend up to one full day per week on documentation, billing and other non-clinical tasks which reduces the time available for patient care.

At the same time, artificial intelligence is fundamentally reshaping outpatient healthcare and exposing the structural limitations of legacy software systems built for documentation and billing. As physicians operate in increasingly complex, data-rich environments, the next generation of healthcare infrastructure must evolve into open, interoperable and AI-native platforms capable of automating workflows, supporting clinical decision-making and orchestrating care operations in real time across the entire outpatient ecosystem.

Yet the underlying technology stack in practices remains fundamentally outdated. In Germany alone, more than 170,000 outpatient physicians still rely on fragmented legacy systems, with an estimated 97% of practice management software running on premise rather than in the cloud. Across Europe, around 2 million doctors work in outpatient care yet digital infrastructure remains highly fragmented and outdated.

“We believe outpatient care is undergoing one of the largest infrastructure shifts in decades – moving from fragmented legacy software toward open, AI-native operating systems that will redefine how care is delivered,” said Maximilian Waldmann, Founder and CEO of ETERNO.

ETERNO offers its AI-native operating system for doctors, ETERNO Cloud. The system is an open, fully integrated, cloud-based platform that automates administrative workflows end-to-end, from patient access and clinical documentation to billing and analytics.

With a team of more than 150 employees, the partnership with Verdane will allow ETERNO to scale its platform and to expand technological leadership, accelerate commercial rollout and pursue selective strategic acquisitions.

With Verdane, ETERNO has partnered with one of Europe’s leading growth investors, known for its strong track record in building and scaling category-leading platforms. Verdane brings deep operational expertise and a data-driven approach to value creation, supporting high-growth companies through their next phase of expansion.

Dominik Schwarz, Partner at Verdane, said: “Eterno is exactly in the sweet spot of Verdane’s investment focus. The company addresses a structural inefficiency in one of Germany’s most important and undersupplied markets, and has developed a product that resonates strongly with physicians. The combination of zero churn, a rapidly growing enterprise pipeline and a market that is still at the very beginning of cloud adoption underpins our conviction in the opportunity ahead. We look forward to supporting Max, Fredo and their team as they build a leading practice management platform in Germany.”

Maximilian Waldmann, Founder and CEO of ETERNO added: “For decades, outpatient care has been dominated by fragmented and closed legacy systems that were never designed for artificial intelligence. At the same time, healthcare generates vast amounts of valuable data that remain trapped across disconnected systems – limiting patient outcomes. At ETERNO, we believe the future of healthcare will be built on open and sovereign AI-native platforms that can securely connect workflows, medical records, devices and third-party apps across the ecosystem. Our ambition is to become the foundational infrastructure layer for outpatient care – enabling providers and AI builders to operate within one of Europe’s most complex and highly regulated markets. With Verdane, we have found a strong partner who combines long-term thinking with deep experience in scaling category-defining technology platforms.”

About Verdane

Verdane is a specialist growth buyout investment firm that partners with tech-enabled and sustainable businesses that help to digitalise and decarbonise the European economy. The flexible mandates of Verdane funds allow it to invest as a majority or minority control investor, replacement or growth capital, in single companies or in portfolios of companies.

Verdane has raised €10 billion in capital and its funds have made more than 200 investments in fast-growing businesses since 2003. Verdane’s team of over 180 investment professionals and operating experts is based out of Berlin, Copenhagen, London, Helsinki, Munich, Oslo and Stockholm and combines deep sector expertise with long-standing local networks and presence in core European markets.

Verdane is also a certified B Corporation, the most ambitious sustainability accreditation globally. The firm only backs businesses that pass its 2040 test, which indicates whether the company can thrive in a more sustainable future economy.

Verdane is partly owned by the Verdane Foundation, which is focused on two areas: climate change and more equitable and inclusive local communities.

About ETERNO

ETERNO was founded in 2019 by Maximilian Waldmann and Frederic Haitz and is a German healthcare technology company headquartered in Berlin. The company builds an AI-native operating system for doctors and therapists – a fully integrated, cloud-based platform that manages the entire patient journey, from patient access and clinical documentation to billing and analytics. By embedding artificial intelligence and deep system integration, ETERNO enables healthcare providers to significantly reduce administrative workload and improve care delivery. Today, more than 2,000 doctors across Germany rely on ETERNO Cloud in their daily practice operations.

Further information: http://www.eterno.group

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Ardian Clean Energy Evergreen Fund (ACEEF) Enters German Renewables Market with Anchor Onshore Wind Investment

Ardian

ACEEF acquires onshore wind project portfolio totalling 132 MW of capacity in Saxony, marking the fund’s first investment in Germany
• Anchor transaction designed to build and scale a renewables platform in Europe’s largest renewable energy market
• Geographic expansion in line with the fund’s investment strategy dedicated to financing renewable assets and energy transition in Europe

Ardian, a global private investment firm, announces that Ardian Clean Energy Evergreen Fund (ACEEF) has completed its first investment in Germany with the acquisition of a greenfield onshore wind project portfolio located in Saxony, representing a total installed capacity of 132 MW once constructed.

This investment reinforces Ardian’s commitment to advancing renewables energy infrastructure across Europe and is intended to serve as an anchor for the progressive build-out of a broader German renewables platform through disciplined follow-on acquisitions, including complementary mature renewables technologies.

The portfolio is to benefit from 100% contracted revenues for 20 years under the government-backed EEG feed-in tariff framework, providing long-term cash flow visibility and minimal exposure to wind resource and power price volatility. The first project is expected to commence construction later this year (14 MW). All projects are being developed in a strategic partnership with 3Energy GmbH, a Saxony-based pure-play onshore wind developer with a long-standing track record of renewable projects (850 MW) delivered in the German market.

With this investment ACEEF marks its geographic expansion into Europe’s largest renewable energy market. The transaction provides immediate exposure to a high-quality development pipeline while offering compelling risk-mitigated revenue profile. Ardian’s infrastructure team brings significant experience in the German energy market through its longstanding partnership with EWE, one of Germany’s largest energy companies, providing deep local market insight, regulatory understanding, and operational expertise to drive value creation in Germany.

Already invested across the Nordics, Spain, Italy, France, Peru and Chile, ACEEF’s strategy is centred on building diversified, high-quality scalable platforms that deliver long-term, resilient returns while advancing the energy transition through an industrial approach.

“Germany is Europe’s largest and most mature renewable energy market, thereby a strategically significant entry point for ACEEF. It offers strong demand growth driven by electrification, and 20-year contracted revenues under the EEG regime with the German government as a creditworthy counterparty. This investment aligns perfectly with ACEEF’s strategy of building diversified, long-term renewable platforms in Europe’s most attractive markets, and positions us to capitalize on Germany’s ambitious renewable expansion over the coming decade.” Daniel Von der Schulenburg, COO and Head of Infrastructure Germany, Benelux and Northern Europe & Senior Managing Director, Ardian

“This acquisition is consistent with ACEEF’s strategy to secure high-quality contracted revenue opportunities and build scalable renewables platforms across Europe’s core markets. It diversifies the fund through the addition of a new geography while maintaining our focus on long-term, stable cash flows. The German anchor portfolio gives us an attractive entry point and a clear runway for disciplined growth through follow-on investments in onshore wind and adjacent technologies. We are well positioned to generate long-term, sustainable value for our investors.” Benjamin Kennedy, Head of ACEEF & Managing Director Renewables, Ardian

ACEEF is Ardian Infrastructure’s first open-ended clean energy fund, which was launched in early 2022 and whose fundraising reached €1.0bn at closing in July 2023. The fund offers professional investors the opportunity to enhance their exposure to renewable assets and energy transition. The fund commits to making investments with an environmental objective as described in Article 9 fund of the EU Sustainable Finance Disclosure Regulation (SFDR) and invests globally, with a focus on Europe.

ACEEF will continue to focus on core renewable technologies – namely solar, wind and hydro, as well as emerging technologies across biogas, biomass, storage and energy efficiency. ACEEF currently manages +1.5GW of operating capacity across 5 platforms.

Ardian has been a pioneer in the energy transition, having started investing in renewable assets in 2007. Across all Infrastructure Funds at Ardian, the team manages more than 10GW of clean energy capacity in Europe and the Americas.

ABOUT ARDIAN

In a world of constant evolution, Ardian stands out for its ability to anticipate, adapt, and turn challenges into opportunities. As a global, diversified private markets firm with 22 offices and more than 350 investment professionals worldwide, we provide investment and customized solutions that reflect new economic dynamics and help our clients remain resilient in a changing world.

We deliver multi-local expertise and long-term performance for our investors and partners as well as shared value for the broader society. Since Ardian’s inception in 1996, our pioneering approach to diversification and our ability to offer tailor-made solutions at scale have remained the heart of our strategy.

Through commitment, knowledge and technology, we bring lasting value to our companies and contribute positively to the whole industry.
Ardian currently manages or advises $200bn for more than 1,920 clients worldwide across Private Equity, Real Assets, and Credit.

Ardian. Mastering change for lasting value.

ardian.com

Media contacts

ARDIAN

Kornelia Spodzieja – Charles Barker

ardian@charlesbarker.de+496979409040

ARDIAN

Jonas Pohl – Charles Barker

ardian@charlesbarker.de+496979409024

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SDB Groep partners with buchner, entering the DACH-region with its comprehensive suite of innovative healthcare and childcare software solutions

Main Capital Partners

SDB Groep (“SDB”) today announces its strategic combination with buchner to further expand its presence across European healthcare and childcare software markets.

Supported by Main Capital Partners, the partnership marks SDB’s entry into the German market and represents the company’s second step in its international expansion strategy following last year’s acquisition of Nordics-based Alfa eCare.

By bringing together complementary solutions within an integrated best-of-suite platform, SDB and buchner aim to deliver enhanced value to healthcare providers in the DACH region and further increase satisfaction across its customer bases.

SDB is a Dutch provider of software for healthcare and childcare organizations, serving segments including elderly care, disability care, mental health, rehabilitation, youth care, childcare, and independent treatment centers across the Netherlands and the Nordics. SDB’s offering combines core electronic medical and health record solutions (EMR/EHR) with a wide suite of secondary (AI-enabled) applications such as workforce planning, HR, payroll, learning, digital health, and analytics. Main has been a strategic partner to SDB since 2018.

buchner is a German provider of software solutions for healthcare professionals, with a strong footprint in therapeutic and ambulatory care, serving a customer base of over 8,000 healthcare institutions. buchner helps therapists in digitizing key processes in their practice management. buchner’s software solutions thereby help improve efficiency and decrease the complexity of managing therapists’ day-to-day operations. Key functionalities include patient and prescription management, invoicing, BI, calendar and workforce management.

The combination of SDB and buchner brings together two highly complementary platforms, creating a prominent player in the Dutch, Nordic and German healthcare and childcare markets. By combining their product portfolios, both companies will unlock significant cross-sell opportunities and further enhance their integrated offering. For SDB, the transaction represents a key milestone in its international growth strategy. Following the acquisition of Alfa eCare in the Nordics, buchner marks SDB’s second international acquisition and its entry into the German healthcare software market.

With the acquisition of buchner, we achieve a new milestone in SDB’s pan-European growth ambitions: entering the German healthcare market.”

– Sjoerd Aarts, Managing Partner at Main and Supervisory Board member at SDB

Sjoerd Aarts, Managing Partner at Main and Supervisory Board member at SDB: ”With the acquisition of buchner, we achieve a new milestone in SDB’s pan-European growth ambitions: entering the German healthcare market. We see strong opportunities for SDB to further expand its presence across German healthcare and childcare software segments with its differentiated suite of best-of-breed solutions. We look forward to supporting the combined group to further build its position as an innovative healthcare solutions provider across Western-European care and cure markets.”

Vincent van Staalduinen, COO of SDB Groep: ”This partnership with buchner marks another major milestone in our strategy towards establishing the most innovative software supplier to healthcare and childcare institutions across Western-Europe. This acquisition will allow us to accelerate our strategic roadmap to expand into the German healthcare market.”

Ralf Buchner, CEO of buchner: “We are excited to be joining SDB as we continue our already 35-year journey as an innovative software provider to therapists across Germany. By joining SDB, we will establish additional size and scale, enabling further growth of our business in Germany and expanding further into the DACH-region.”

About SDB Groep

SDB Groep is a SaaS Software and Services company that develops innovative, user-friendly and fully integrated (AI-enabled) software solutions for healthcare and childcare. This is achieved by putting the customer and the employee at the center of the development of software designed to optimize work processes and minimize administrative burdens. Thanks to this approach, SDB Groep brings joy and effectiveness back to the professionals, giving them more time to do what they love: providing the best care. SDB is headquartered in the Netherlands with a dedicated team of c. 400 healthcare software professionals across the Netherlands, Sweden, Denmark, and Finland.

About buchner

buchner & Partner GmbH was founded in 1991 as a pure form mailing service for therapeutic practices by Ralf buchner in Kiel, Germany. buchner serves over 45,000 customers, which are comprised of healthcare therapists, physiotherapy-, ergotherapy-, logopedic practices and other cure providers. buchner’s software includes practice management functionalities like invoicing, patient documentation, calendars, and workforce management.

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BIG Fiber Secures $250 Million Financing Led by Stonepeak Credit and La Caisse to Accelerate Digital Infrastructure Expansion

LaCaisse
Investment Fuels Expansion, Boosting Total Assets to over 800 Route Miles

BIG Fiber, a leading provider of high-capacity dark fiber infrastructure, announced the closing of a $250 million debt facility with an additional $100 million accordion feature. The financing, led by Stonepeak Credit and La Caisse (formerly CDPQ), provides BIG Fiber with significant capital to accelerate the expansion of its core markets and reinforce its position as the premier provider of mission-critical digital infrastructure in the U.S.

The new credit facility follows BIG Fiber’s 2024 milestone, the first-ever green loan in the dark fiber sector, and marks a significant scaling of the company’s financial capacity. Backed by sponsors Columbia Capital and SDC Capital Partners, the expansion of BIG Fiber’s debt facility and the infusion of new capital ensure the company remains well-positioned to meet the escalating infrastructure demands of the AI era.

Proceeds of the facility will be used to refinance existing debt, provide new capital and facilitate the necessary headroom for major network expansions already underway. This includes a significant multi-market buildout in Greater Atlanta, adding over 205 route miles and 165,000 fiber miles to BIG Fiber’s existing market-leading footprint.

“Our partnership with Stonepeak Credit and La Caisse marks a pivotal moment in our mission to empower our customers with highly-scalable and purpose-built dark fiber solutions,” said Bruce Garrison, CEO of BIG Fiber. “This financing ensures we have the scale to stay ahead of the escalating demand for modernized infrastructure enabling the AI ecosystem and the necessary digital highways for decades to come.”

“BIG Fiber’s infrastructure delivers critical bandwidth to meet the insatiable demand for both data and compute capacity across its key markets,” said Arun Varanasi, Managing Director at Stonepeak Credit. “We are proud to partner with Columbia Capital, SDC Capital Partners, and La Caisse to support the Company’s next leg of growth as it positions itself as one of the preeminent dark fiber operators in the country.”

“BIG Fiber is well positioned to meet the growing connectivity needs of enterprises and data centers seeking new, high quality infrastructure options,” said Jérôme Marquis, Managing Director and Head of Private Credit at La Caisse. “Its resilient business model, underpinned by long term contracts and strong structural demand, positions the company well for growth. Together with Stonepeak Credit, we’re providing a tailored financing solution that supports the continued build out of essential digital infrastructure.”

The latest expansion will bring BIG Fiber’s Atlanta and San Francisco Bay Area network capacity to 850 route miles and over 3 million fiber miles. Projects are currently under construction or contract, with phased Ready for Service (RFS) dates expected in early 2027.

About BIG Fiber

BIG Fiber is a metro dark fiber provider that offers high capacity, strategically placed, dark fiber networks to mission critical data centers, Hyperscalers and enterprises throughout the San Francisco Bay Area, Greater Portland and Greater Atlanta areas. BIG Fiber’s 100% underground network meets critical data needs for enterprises and data centers that require new, quality infrastructure options. BIG Fiber’s San Francisco Bay Area network offers more than 320 route miles and 65 data centers. The Greater Portland network has more than 20 route miles and 15 data centers, and the Greater Atlanta network has more than 550 route miles and 30 data centers. BIG Fiber was founded in 2019 and is headquartered in Sunnyvale, California. Visit www.bigfiber.com to learn more.

About Stonepeak Credit

Stonepeak Credit is the credit investing arm of Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets with approximately $88 billion of assets under management. Stonepeak Credit targets credit investments across the transportation and logistics, energy and energy transition, digital infrastructure, and social infrastructure sectors that provide essential services with downside protection, high barriers to entry and visible, recurring revenue generation. It seeks to provide capital solutions that are flexible across the capital structure while generating cash yield through majority senior secured credit investments.

Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Abu Dhabi, and Riyadh. For more information, please visit www.stonepeak.com.

About La Caisse

For more than 60 years, La Caisse has invested with a dual mandate: generate optimal long-term returns for its 48 depositors, who represent over six million Quebecers, while contributing to Québec’s economic development.

As a global investment group, La Caisse is active in major financial markets, private equity, infrastructure, real estate and private credit. As at December 31, 2025, its net assets totalled CAD 517 billion. Learn more at LaCaisse.com, LinkedIn or Instagram.

La Caisse is a registered trademark of Caisse de dépôt et placement du Québec that is protected in Canada and other jurisdictions and licensed for use by its subsidiaries.

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Schroders Greencoat acquires Dutch biomethane platform from SWEN Capital Partners and APF BV

Schroders Capital

Schroders Greencoat, the specialist renewables and energy transition infrastructure manager of Schroders Capital, on behalf of its global strategy and semi-liquid funds, has acquired a 100% stake in APF Energy, a growing biomethane platform in the Netherlands, from SWEN Capital Partners through its direct impact strategy, SWEN Impact Fund for Transition, and APF BV.

The platform currently comprises six assets, including three fully operational sites and three at construction stage, plus a late-stage pipeline. These generate biomethane from a feedstock mix of agriculture manure and food by-products, addressing nitrate challenges associated with the Netherlands’ livestock industry.

The country’s high volume of agricultural feedstock, combined with one of the densest gas distribution networks in Europe, makes it a particularly attractive market for biomethane development. As a direct substitute for natural gas that can be injected into existing grid infrastructure, biomethane has an important role to play in reducing Europe’s dependence on fossil fuel imports and strengthening energy security across the region.

Alongside its established capabilities in renewables and energy transition aligned infrastructure, Schroders Greencoat has developed expertise in the European anaerobic digestion and biofuels sector having made and realised investments in the UK and Germany in recent years. This track record is key to the aim of delivering strong returns for investors in what is an important component of the shift to a low-carbon system.

Minal Patel, Global Head of Infrastructure at Schroders Capital said:

“Biomethane has an increasingly important role to play in the European energy transition, particularly in sectors where other low-carbon solutions are less readily available.

“The Netherlands is one of the more advanced markets due to its mature regulatory framework, strong policy support for renewable gas and well-established infrastructure. This platform gives us a strong foothold from which to apply the expertise we have built across our bioenergy portfolio.”

James Reid, Investment Director, Schroders Greencoat said:

“This transaction is an example of our focus on established platforms with operational assets, a clear development pathway for pipeline assets and exposure to a segment of the energy transition where the structural case is compelling. We look forward to working closely with APF Energy’s management team to continue scaling the platform and drive forward the decarbonisation of the Dutch energy system.”

Marco Middelkoop, CEO, at APF Energy said:

“APF Energy would like to sincerely thank SWEN Capital Partners and APF BV for their support and trust throughout the development of APF Energy, which has enabled us to build the platform to its current stage of maturity. We are delighted to welcome Schroders Greencoat as our new shareholder and look forward to working closely together to further scale the platform, optimise operations and accelerate the contribution of biomethane to the Dutch energy transition.”

François Pasquier, Managing Director and Grégoire Allemandou, Principal at SWEN CP said:

“We are delighted to have supported APF Energy since the early stages of its development, helping to build a robust and growing biomethane platform in the Netherlands. Schroders Greencoat’s deep expertise in bioenergy and energy transition infrastructure makes them the great partner to take the platform to its next stage of growth. We are also particularly pleased that this transaction marks the first exit from our second vintage, SWEN Impact Fund for transition 2 (SWIFT 2), reflecting our strategy of backing high-quality platforms in the renewable molecules sector.” 

Schroders Greencoat was advised by Voltiq (M&A) alongside Eversheds (legal), PWC (financial and tax), Haskoning (technical) and PA Consulting (commercial).

SWEN Capital Partners was advised by Green Giraffe Advisory (M&A) alongside Clifford Chance (legal), Deloitte (financial and tax) and DNV (technical and commercial).

For further information, please contact:

Jessye Brandon, PR Manager

+44 207 658 3789

jessye.brandon@schroders.com

Sodali & Co, Schroders Capital PR

schroderscapital@sodali.com

Lola Fornari, Head of Communication, SWEN CP

+33 6 49 87 28 35

lfornari@swen-cp.fr

Note to Editors

To view the latest press releases from Schroders visit: Media Centre | Schroders global

To view the latest press release from SWEN CP visit: SWEN CP | A responsible investor in private markets

Past performance is no guarantee of future results.

About Schroders Greencoat

Schroders Greencoat is the specialist energy transition infrastructure manager of Schroders Capital, the global private markets arm of Schroders Group. Founded in 2009, it is one of the most established and largest pure-play energy transition managers in Europe*, with a 15+ year track record and team presence in key locations across Europe and the US. Schroders Greencoat manages around $12.5 billion across a range of funds and mandates investing across the energy transition in the UK, Europe, US and Asia**, through which it manages more than 445 assets with a net generation capacity in excess of 7.8GW.

For more information, please visit https://www.schrodersgreencoat.com.

* Infrastructure Investor Rankings (2024) – Top 50 largest infrastructure managers based on capital raised between 2019-2024.

** As of 31 December 2025, Figures include two assets in construction or under forward purchase agreements. Inclusive of 125 assets for which management was transferred over from two other managers. Assets in APAC are advised by Schroders Greencoat and managed by Schroders Investment Management (Hong Kong) Limited.

Schroders Capital

Schroders Capital provides investors with access to a broad range of private market investment opportunities, portfolio building blocks and customised private market strategies. Its team focuses on delivering best-in-class, risk-adjusted returns and executing investments through a combination of direct investment capabilities and broader solutions in all private market asset classes, through comingled funds and customised private market mandates.

The team aims to achieve sustainable returns through a rigorous approach and in alignment with a culture characterised by performance, collaboration and integrity.

With $111.8 billion (£83.1 billion; €95.2 billion)* assets under management, Schroders Capital offers a diversified range of investment strategies, including real estate, private equity, secondaries, venture capital, infrastructure, securitised products and asset-based finance, private debt, insurance-linked securities and BlueOrchard (Impact Specialists).

*Assets under management as at 31 December 2025 (including non-fee earning dry powder and in-house cross holdings)

About SWEN Capital Partners

As a leading player in responsible investment in Private Equity, Infrastructure and Mezzanine Debt, SWEN Capital Partners managers, advises on, or oversees €16 billion in assets* and brings together a team of over 120 dedicated professionals. The management company is owned by Ofi Invest, a brand of Aéma Groupe (Macif, Abeille Assurances holding, AESIO Mutuelle), as well as by approximately fifth employees grouped within the holding company SWEN Managers. Since its inception, SWEN CP has made sustainable finance the driving force behind its growth, offering its clients responsible, innovative and forward-looking investment solutions.

Having become a Mission-Driven Company in February 2024, the firm has a clear ambition: to put investment at the service of Nature through sincere commitments, concrete actions, and the mobilization of all its teams and its ecosystem.

*Total amount of commitments as of January 1, 2026. The amounts include collective management, third-party management (management mandates), regulated services (investment advice and RTO), and unregulated services (portfolio supervision).

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AlphaGen and ArcLight Expand Strategic Power Portfolio with Acquisition of Brandywine Power

Arclight

STAMFORD, Conn., May 18, 2026 /PRNewswire/ — Alpha Generation, LLC (“AlphaGen”), together with ArcLight Capital Partners, LLC (with its affiliates, “ArcLight”), today announced that it has completed the acquisition from Onward Energy Holdings, LLC of Brandywine Power (“Brandywine”), an approximately 250 MW combined-cycle generating facility located in Prince George’s County, Maryland, within PJM Interconnection’s PEPCO Zone.

The acquisition further strengthens AlphaGen’s position as the largest private independent power producer in the United States, expanding its scale in strategically important power markets and enhancing its ability to deliver reliable, dispatchable capacity to utilities, electric cooperatives, municipalities and large-load customers across the Mid-Atlantic.

Brandywine provides essential capacity, energy, and ancillary services that help support reliability across the Mid-Atlantic, including the Washington, D.C. metro area and is well positioned to benefit from AI and electrification-related power demand growth.

The facility is located near AlphaGen’s Keys Energy Center, which recently signed a 10-year electricity and capacity supply agreement with Southern Maryland Electric Cooperative, creating opportunities for operational coordination, commercial flexibility, and long-term offtake solutions across a broader regional footprint.

“Brandywine is a strategic asset that benefits from AlphaGen’s scale and operational capabilities, and ArcLight’s long-term infrastructure investment approach,” said Curt Morgan, Chief Executive Officer of AlphaGen. “This acquisition strengthens our ability to offer durable, contract-backed solutions in markets where reliability matters most. Our portfolio scale allows us to reliably dispatch power, manage operational risk, and work constructively with regulators and customers to support long‑term capacity and energy needs.”

Taken together with the nearly 3 GW of uprate and expansion projects in PJM across existing AlphaGen sites, the transaction provides additional capacity to support long-term offtake agreements across a portfolio of complementary, high-quality generation assets that benefit from shared expertise and operational synergies.

Financial terms of the transaction were not disclosed.

About AlphaGen          

AlphaGen is a strategic partnership formed and majority owned by an affiliate of ArcLight Capital Partners, LLC to own and operate critical power infrastructure to provide reliable, secure, safe, and sustainable sources of power and meet the growing infrastructure needs created by the increased demand for reliable power, including electrification and data center growth. AlphaGen is led, through Alpha Generation Services, LLC, by a deeply experienced senior management team with a proven track record of strategic, operational, and commercial expertise to help create value and manage risk. For more information, please visit www.alphagen.com.

About ArcLight

ArcLight is a leading infrastructure investor which has been investing in critical electrification infrastructure since its founding in 2001. ArcLight has owned, controlled or operated ~70 GW of assets and 48,000 miles of electric and gas transmission and storage infrastructure representing more than $80 billion of enterprise value. ArcLight has a long and proven history of value-added investing across its core investment sectors including power, hydro, solar, wind, battery storage, electric transmission, natural gas transmission, storage infrastructure and digital power to support the growing need for power, reliability, security, and sustainability. ArcLight’s team employs an operationally intensive investment approach that benefits from its dedicated in-house strategic, technical, operational, and commercial specialists, as well as the firm’s ~2,000-person asset management partner. For more information, please visit www.arclight.com. References to “ArcLight” herein refers to ArcLight Capital Partners, LLC and/or its managed investment vehicles, as the context requires.

Contact: alphagen@berlinrosen.com

SOURCE Alpha Generation, LLC

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EQT selected to lead the Scaleup Europe Fund

eqt

The EQT team

  • The European Commission and fellow founding investors from across Europe have selected EQT as the preferred investment adviser and fund manager for the Scaleup Europe Fund (“the Fund”).
  • The Fund – which has a target size set at EUR 5 billion – will invest across the EU and associated countries in European technology scaleups, spanning digital systems, industrial systems and life sciences. EQT will make a significant commitment of its own capital to the Fund. 
  • With EUR 269 billion in total assets under management, EQT is Europe’s largest private markets investor. The Scaleup Europe Fund will build upon EQT’s long-term commitment to European technology, complementing its existing early-stage investment platform that is active across Ventures, Growth and Life Sciences

EQT has been selected by the European Commission and fellow founding investors from across Europe as the preferred investment adviser and fund manager for the Scaleup Europe Fund. The Fund is a new initiative launched under the EU Startup and Scaleup Strategy to bridge Europe’s scaleup funding gap. The Fund will invest across the EU and associated countries in Europe’s most promising technology companies, in sectors spanning artificial intelligence, quantum computing, dual use technologies, clean energy, space technology, biotech and medical innovation.

“We are proud to have been given the opportunity to lead the Scaleup Europe Fund and clear on the responsibility that comes with it. This is a significant milestone for Europe at a critical moment. Europe has proven its ability to create successful early-stage technology companies, the challenge is now to scale those businesses into becoming global leaders while maintaining their European roots,” said Per Franzén, CEO and Managing Partner at EQT. 

He added: “For more than a decade we have built EQT’s early-stage platform – through the launch of the Ventures and Growth strategies and the acquisition of leading European life sciences investor LSP – to help European technology and life sciences startups reach their full potential. The Scaleup Europe Fund is the latest step in this journey. Now we look forward to engaging with the entire European tech ecosystem to drive a better future for all.”

Ekaterina Zaharieva, Commissioner for Startups, Research and Innovation at the European Commission, said: “Europe’s competitiveness hinges on scaling our own innovation, in our own strategic sectors, with our own capital. The Scaleup Europe Fund is our bold step forward, where we unite public and private capital behind a shared vision for European leadership. With the newly selected fund manager and a coalition of Europe’s most respected long-term investors, this is proof of what Europe can achieve when we align our resources.”

EQT Partners Ted Persson and Victor Englesson are proposed as Co-Heads of the Scaleup Europe Fund Advisory Team, with Christian Sinding, Institutional Partner at EQT, proposed as Chair of the Investment Committee. The strategy will focus on privately-owned European technology companies from Series B onward, drawing on EQT’s broader platform, including Motherbrain for AI-driven sourcing and portfolio intelligence, a structured framework for activating corporate offtake partnerships, and EQT’s network of industrial advisors.

Ted Persson, Partner at EQT and proposed Co-Head of the Scaleup Europe Fund Advisory Team, said: “Realizing the Scaleup Europe Fund’s full potential will require partnership across the ecosystem. We invite investors, corporates, policymakers and institutions to join us on this journey to make the fund truly transformational for all of Europe. Our ambition is for the Scaleup Europe Fund to be more than capital, we want it to be a catalyst for the wider ecosystem, driving corporate partnerships, strengthening talent networks and fostering further public-private collaboration.”

“The Scaleup Europe Fund will partner with the most ambitious founders in Europe who are building global champions within a range of different strategic technologies. It’s critical for Europe’s long term competitiveness that these founders are successful and we will leverage all our global resources to help them win”, added Victor Englesson, Partner at EQT and proposed Co-Head of the Scaleup Europe Fund Advisory Team. “The Scaleup Europe Fund complements EQT’s existing platform and long-term approach to supporting companies with the capital, capabilities and ecosystem connections needed to scale globally.”

The Scaleup Europe Fund is designed on commercial terms, with market-standard governance and the appropriate independence to make decisions on commercial merit. The target fund size of the Scaleup Europe Fund has been set at €5 billion. The actual fund size is dependent on the outcome of the fundraising process and may be higher or lower than the target size; the hard cap of the fund will be set at a later date. EQT will make a significant commitment of its own capital to the Fund.

Alongside the European Commission, the group of founding investors in the Fund include Novo Holdings, EIFO (Export and Investment Fund of Denmark), CriteriaCaixa, Santander/Mouro Capital, Fondazione Compagnia San Paolo / Intesa Sanpaolo / Fondazione Cariplo, APG Asset Management (acting on behalf of Dutch pension fund ABP), and Allianz. Having concluded the competitive manager selection process, EQT and the founding investors will finalize the remaining documentation, structuring and regulatory steps required ahead of the formal launch of the fund.

More information
Biographies: Per Franzén, Ted Persson, Victor Englesson.
Press Kit: Here

The information contained herein does not constitute an offer to sell, nor a solicitation of an offer to buy, any security, and may not be used or relied upon in connection with any offer or solicitation. Any offer or solicitation in respect of any fund will be made only through a confidential private placement memorandum and related documents which will be furnished to qualified investors on a confidential basis in accordance with applicable laws and regulations. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold without registration thereunder or pursuant to an available exemption therefrom. Any offering of securities to be made in the United States would have to be made by means of an offering document that would be obtainable from the issuer or its agents and would contain detailed information about the issuer of the securities and its management, as well as financial information. The securities may not be offered or sold in the United States absent registration or an exemption from registration.

Ekaterina Zaharieva is Commissioner for Startups, Research and Innovation at the European Commission, which will be a Founding Investor in the Scaleup Europe Fund could in the future have other business relationships with EQT and its affiliates, which create a potential conflict of interest. The European Commission’s views with respect to EQT and the Scaleup Europe Fund are not necessarily reflective of the views of current or future clients of EQT and investors in funds advised by EQT. EQT did not compensate Ekaterina Zaharieva or European Commission directly or indirectly for this statement.

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About EQT
EQT is a purpose-driven global investment organization with EUR 269 billion in total assets under management (EUR 142 billion in fee-generating assets under management) as of 31 March 2026, within two business segments – Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia Pacific and the Americas and supports them in achieving sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, X, YouTube and Instagram

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Blackstone Announces Joint Venture with Google to Create New TPU Cloud

Blackstone

Blackstone to make initial $5 billion equity commitment to bring 500 MW of capacity online in 2027, with plans to scale significantly over time

NEW YORK – May 18, 2026 – Blackstone (NYSE: BX) today announced a joint venture with Google to create a new U.S.-based company that will offer efficient data center capacity, operations, networking, and Google Cloud’s Tensor Processing Units (TPUs) as a compute-as-a-service offering. The company will give customers another option to access cloud TPUs in addition to using them through Google Cloud.

Google’s TPUs are custom chips purpose-built for AI, and optimized for training and inference of advanced AI models. They have been developed and deployed in production for more than a decade and power workloads for many of the world’s top AI labs, capital market firms, and companies running the most complex high-performance computing applications. TPUs also power Gemini and the AI-driven products Google delivers to billions of users globally.

Blackstone is the world’s biggest alternative asset manager, with over $1.3 trillion in assets under management, and the largest global provider of data centers. The joint venture between Blackstone and Google is intended to give customers even more choice and flexibility for running their AI workloads on TPUs.

Under the terms of the partnership, Blackstone is making an initial commitment of $5 billion in equity capital from funds managed by Blackstone. The company expects to bring the first 500 MW of capacity online in 2027, with plans to scale significantly over time. Google will supply hardware, including TPUs, as well as software and services to the new company so it can rapidly accelerate to meet the growing demand for accelerated computing, leveraging the benefit of Google’s technical and domain expertise.

Blackstone has named Benjamin Treynor Sloss, a Google executive with over two decades of experience building and operating Google’s global infrastructure and operations, to lead the new company as CEO.

Jon Gray, President and COO of Blackstone, said: “We see a generational opportunity to invest capital at scale building AI infrastructure. This new company has enormous potential as it helps to meet the unprecedented demand for compute. We are incredibly proud to partner with Google – bringing together their world class TPUs and AI capabilities with Blackstone’s exceptional strength in energy and digital infrastructure.”

Jas Khaira, Head of Blackstone N1 (BXN1), said: “Capital alone doesn’t build category-defining platforms – the right partner, the right structure, and the conviction to underwrite singular opportunities do. Google’s TPUs, a decade in the making and foundational to the AI economy, are exactly the kind of platform BXN1 was built to back.”

Thomas Kurian, CEO of Google Cloud, said: “This joint venture with Blackstone helps meet growing demand for TPUs, which are optimized specifically for efficiency and performance in the AI era. Together, we’re accelerating AI transformation and providing more options for organizations to access accelerated compute capability.”

About Blackstone
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

Media Contacts

Blackstone
Matt Anderson
Matthew.Anderson@Blackstone.com
+1 (518) 248-7310

Google
Cynthia Horiguchi
choriguchi@google.com
+1 (510) 320-9770

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