Zak Bentley
Zak Bentley is a senior reporter at Infrastructure Investor based in London. Zak joined Infrastructure Investor in 2016 from Centaur where he was a reporter at their Clean Energy Pipeline title.
He has a detailed knowledge and experience of the financial and regulatory aspects of the global renewable energy market, as well as the wider infrastructure market.
Zak has a degree in English and History from the University of Birmingham.
The fund will focus on projects in Germany and other countries in Western Europe with a comparable regulatory system and seek to generate net returns of at about 4%, although returns can reach up to at least 8% through investment in a sub-fund involving more leverage. Agloria and Universal Investment are looking to avoid projects that ‘frequently miss the forecasted results’.
The offshore wind industry in the UK has come of age at a startling rate and presents new market dynamics for the sector.
The fund has one asset under its belt after the $1.25bn acquisition of a US district heating business last year.
Transport assets are likely to be hit the hardest from the coronavirus crisis, although much will depend on the contracts behind the assets.
The fund, which had a target of $1bn, attracted investors who were all new to the firm's debt platform.
DIF Infrastructure VI, which was launched in November, is now 56% towards its €2.5bn target.
The London-headquartered manager raised over €2.7bn for its combined previous four vehicles.
The 2020 Budget is one of the UK’s largest capital investment programmes ever, which will draw plenty of intrigue from infrastructure investors.
Infra managers have long been in demand for the funds they manage; now, third-party investors also want a slice of the GP pie.
Flybe, whose fate was sealed in part due to the effects of coronavirus, carried about 90% of traffic at Southampton Airport, part-owned by MEIF 4.