Pan-Asian energy and infrastructure-focused fund manager Equis Funds Group has closed its first fund, Equis Asia Fund I, with US$647 million in commitments, exceeding the fund’s original target of US$500 million. The fund raised capital from endowments, insurance companies, pension and superannuation funds, and multilaterals from North America, Europe and Asia. In 2012, Equis invested in a solar generation platform in Southeast Asia and a hydroelectric generation platform in India.