Fundraising among the firms that feature in infrastructure’s most elite ranking has grown by 23% to a whopping $378bn. You now need almost $2bn to make it into the II 50 and more than $55.5bn if you want to dethrone MIRA from the top spot.
Van Daele joined the firm in September and will replace co-founder Otto von Troschke on 1 January.
The technology can be a disrupter ‘as significant as the internet’, argues a paper by Australia’s QIC.
Former PSP infra chief Bruno Guilmette will be tasked with running the nascent bank while the board searches for a chief executive.
Tri-Pillar Infrastructure Fund, led by an ex-JLIF co-founder, has postponed fundraising following the breakdown of a deal negotiation.
Commitments from PSP and GIC helped the Italian group sign on a first close and it expects to increase the vehicle to €3.3bn in early 2018.
The fund manager is creating the largest investment fund focused on the region, surpassing its previous $2.3bn vehicle.
Northill will now only acquire the firm’s UK and US-based businesses in the latest setback for owner Westpac.
The firm takes sole ownership with acquisition from Montreux Healthcare Fund and Macquarie Principal Finance, marking its first move in the sector.
The sector sees modest negative changes in the final bill after fears tax code changes could have set the industry back.