The funds will maintain their individual brand identities but pool administration and investment resources under the deal.
A minimum-volume commitment for an Asian shipping company to use the Long Beach Container Terminal in California ‘implies’ a 12x EBITDA margin over 20 years, a source said.
US power producer Duke Energy has sold a minority stake in its renewables portfolio to an infrastructure fund owned by Canadian insurance giant Manulife Finance Corporation. According to a statement released by Duke, John Hancock Investments, Manulife’s US capital management division, purchased a 49 percent stake in 37 operating wind, solar and battery storage assets […]
For all those who wondered if consolidation would reach the upper echelons of alternative asset management, Brookfield Asset Management’s purchase of Oaktree Capital Management is your answer. The spate of M&As in the alternative asset space had largely been limited to smaller money managers, including the business development company sector, a space in which Oaktree […]
Oaktree’s co-founder Howard Marks insists his firm’s $4.7 billion sale of a 62 percent stake to Toronto-based asset management giant Brookfield is “not a timing thing” in the context of him calling the top of the alternatives market cycle. On the other hand, speak to Bruce Flatt, Brookfield’s chief executive, and you’ll hear that timing […]
It’s all in the timing – or is it? We speak with Howard Marks and Bruce Flatt about the deal that has got everyone talking.
The Washington State Investment Board has restructured $500 million originally committed to the Geronimo Renewable Infrastructure Partners fund into a co-investment partnership with the UK’s National Grid. According to a document published on WSIB’s website published online, the US pension announced the allocation shift this week. It comes after the UK utility bought out the […]
I Squared Capital’s co-founder has told Infrastructure Investor that Asia’s natural gas sector is a more attractive opportunity than renewables, after announcing the sale of Singapore-based solar company Amplus Energy Solutions. Gautam Bhandari said he was “very happy with the result” of I Squared’s investment in Amplus, which the firm sold this month to Malaysian […]
The Sydney-based fund manager does its second deal in recent months with Japanese lenders to refinance one of its wind farms.
The life insurer has appointed HSBC Global Asset Management to source investments that will be denominated in US dollars or local currencies.
The fund will invest $70m immediately in the company’s existing portfolio of six metropolitan data centres, with a further $45m available for future co-investments.
Pulse consortium fought off competition from QIC and Plenary Group to land the tunnels, stations and development package, which is likely to be worth around A$2.7 billion.
The assets are part of a US-focused subscription-led information and events portfolio PEI has purchased from Simplify Compliance Holdings.
Australian listed company has received ‘no recent definitive update’ on Long-Term Asset Partners’ mysterious offer.
Stonepeak Infrastructure Partners has increased its portfolio’s exposure to the US energy sector with a $3.6 billion deal to acquire an oil pipeline company operating in the Permian Basin in western Texas and New Mexico. The New York-based fund manager agreed to purchase Oryx Midstream from a group of energy investors including Quantum Energy Partners, […]