Plano-based Accelerate Infrastructure Opportunities and CBRE Investment Management announced the closing of a $630 million primary capital raise following strong global demand for infrastructure investments.
The capital raise includes additional investments from funds managed by CBRE IM and new investments from Mubadala Investment Company, Australian Retirement Trust, and other leading global investors, bringing total equity committed to the platform to $1.26 billion, a portion of which came in fall 2024.
Accelerate Founder and CEO Brennan Potts said the capital “reflects deep alignment with long-term institutional partners who understand the durability of infrastructure cash flows.”
“Our strategy is built on acquiring infrastructure sites that underpin digital connectivity, renewable energy, and mobility, and scaling them through disciplined execution,” Potts added in a statement. “Reaching $1.26 billion in capital commitments gives us the scale and capital certainty to continue to pursue the most compelling infrastructure opportunities.”
Over 400 infrastructure sites across 47 states
Accelerate acquires and manages real estate under critical infrastructure in digital, renewable, and transportation sectors. It aggregates those assets into a managed portfolio that generates long-term, sustainable cash flow.
CBRE IM and the Accelerate management team launched the infrastructure site acquisition strategy in December 2022 and has since developed a diversified portfolio of over 400 infrastructure sites under digital, renewable, and transportation infrastructure assets across 47 states.
“Leveraging the breadth and capabilities of the CBRE platform and a premier management team, Accelerate quickly established itself as the leading infrastructure site platform.” Robert Shaw, managing director at CBRE Investment Management, said in a statement.
Shaw added that the latest strategic capital raise “will enable Accelerate to continue to scale its diversified portfolio of key infrastructure assets and deliver durable infrastructure cash flows to investors.”
Other investors also weighed in on the importance of critical infrastructure.
“This partnership with CBRE Investment Management further expands our infrastructure exposure in the United States, a key strategic market for Mubadala,” said Giovanni Oddo, Head of Americas, Infrastructure, Mubadala Investment Company. “The investment aligns with our focus on key infrastructure at the intersection of digital connectivity and energy systems.”
He added, “As demand accelerates across data, power, and mobility, platforms like Accelerate play an important role in enabling the infrastructure required to support a rapidly evolving global economy. We look forward to working alongside our partners to support the platform’s continued growth and deliver long-term value.”
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