Sovereign Capital Underwrites the US Power Growth

3rd March, 2026
The announced take-private of the AES Corporation at a US$33.4 billion enterprise value including assumed debt, shows sovereign wealth and public pension heavyweights are willing to back a capital-intensive US power platform. California Public Employees’ Retirement System (CalPERS) and Qatar Investment Authority (QIA) are consortium members alongside Global Infrastructure Partners...
The announced take-private of the AES Corporation at a US$33.4 billion enterprise value including assumed debt, shows sovereign wealth and public pension heavyweights are willing to back a capital-intensive US power platform. California Public Employees’ Retirement System (CalPERS) and Qatar Investment Authority (QIA) are consortium members alongside Global Infrastructure Partners...

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