Pacific Equity Partners' fund has received a US$54 million investment from Clean Energy Finance Corporation (CEFC) to decarbonize mid-market infrastructure assets.

The fund has assets under management of AUD$8.7 billion (US$5.8 billion). The PEP SAF II portfolio will target medium-sized value-added infrastructure and infrastructure-like businesses, including assets with secure or contracted underlying cash flows in areas such as healthcare and energy, transportation and data centers. SAF ll will work with investor companies to define a decarbonization path in line with reducing scope 1 and 2 emissions by 50 % by 2030 – and to set targets for net zero scope 1 and 2 emissions by 2040. PEP also plans to work with these companies to eliminate emissions in the third sector's supply chain under a scenario modeled for a 1.50C world by 2050. The PEP will drive further decarbonization efforts within its existing funds.

Secure Assets Fund II (SAF II) aims to focus investments in energy and utility, transport and logistics, waste, data and telecommunications, social and agricultural infrastructure companies across the world. PEP SAF II will build on the investment theme completed for PEP SAF I, where investments included access to Zenith Energy's remote energy infrastructure, grid operator WINconnect, and Intellihub's smart metering business.