Kalliope Gourntis
Heavily invested legacy vintages might suffer more than funds in market, with the jury still out on whether this crisis will be sharp and short like the GFC, or sharp and longer-lasting running through various cycles.
Infrastructure's continuous evolution will require new skill sets, create job opportunities and drive up pay packages for investment professionals, according to recruitment firm Sousou Partners.
John Skjervem will step down at the end of March, leaving Oregon State Treasury after more than seven years and after growing the alternatives portfolio from roughly $375m to $7.1bn.
The Swiss fund manager has already deployed roughly €93m through SEEF II, a fund that could be double the size of its predecessor should it reach its €400m hard-cap.
The UK insurer’s investment management unit has hired debt and ESG specialist Shuen Chan to lead its real assets group’s expanded ESG strategy.
Contractual rigidity, value-for-money questions and bad risk allocation all threaten to sink the model. Major intervention will be needed to bring it back to health.
Asterion Industrial Infra Fund I closed on its revised hard-cap and is already close to 60% invested.
Taiwan Life and TransGlobe Life have acquired a minority stake in the 600MW Changfang and Xidao offshore wind project, while the Danish fund manager will retain its majority stake through the construction phase.
Having raised $1bn more for GIF II than its predecessor, AMP Capital will seek to acquire 100% of assets when investing its latest fund, a spokeswoman for the Australian fund manager said.
Enel will seed the new entity, which builds on the two companies’ partnership in Italy, with some 200 distributed photovoltaic generation, co-generation, tri-generation and energy efficiency projects.