ART, Mubadala back CBRE's infrastructure platform

Australian Retirement Trust (ART) has joined a consortium of global investors including Abu Dhabi's sovereign wealth fund Mubadala, in funding CBRE Investment Management-backed critical infrastructure platform Accelerate.

Accelerate Infrastructure Opportunities acquires, owns, and manages real estate tied to critical infrastructure sites and since its launch in 2022 has acquired more than 400 sites across 47 states in the US.

While it has closed US$630 million ($970m) in a primary capital raise, additional investments from CBRE, Mubadala, ART and other global investors, brings the total equity committed to the platform to US$1.25 billion ($1.95bn).

Accelerate founder and chief executive Brennan Potts said: "This capital reflects deep alignment with long-term institutional partners who understand the durability of infrastructure cash flows."

"Reaching US$1.25 billion in capital commitments gives us the scale and capital certainty to continue to pursue the most compelling infrastructure opportunities."

He added the strategy is built on acquiring infrastructure sites that underpin digital connectivity, renewable energy, and mobility, and scaling them through disciplined execution.

Mubadala Investment Company head of Americas infrastructure Giovanni Oddo said: "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."

He noted the partnership with CBRE further expands Mubadala's infrastructure exposure in the United States, a key market for it.

"The investment aligns with our focus on key infrastructure at the intersection of digital connectivity and energy systems. We look forward to working alongside our partners to support the platform's continued growth and deliver long-term value," he said.

CBRE Investment Management managing director Robert Shaw said the fund manager is proud to increase its support of Accelerate and welcomed Mubadala, ART and other partners to the platform.

"This 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," Shaw said.

"Leveraging the breadth and capabilities of the CBRE platform and a premier management team, Accelerate quickly established itself as the leading infrastructure site platform."