staging

Fundraising

A Meridiam-led consortium has passed another milestone on the $2bn light rail project three months after being awarded the contract.
The European infrastructure fund manager has teamed up with real estate specialists to bid for Grandi Stazioni Retail, a subsidiary of Italyโ€™s state-owned railway company.
The US firm has purchased a wind farm in Texas from GE and now jointly owns the project with a subsidiary of E.ON.
The Canadian pension has bought into a portfolio of eight wind farms held by developer Innergex Renewable Energy.
Australiaโ€™s Queensland government will also use A$4bn from the public servantsโ€™ superannuation scheme to reduce debt and invest in infrastructure in this yearโ€™s budget.
The IFM and Palisade-backed operator of Darwin and Alice Springs Airports has secured a third round of debt financing from banks and its first from the institutional debt market.
The group will pay about 1.3 times the company's regulated asset base to acquire the 4,200km pipeline network.
The loan will help TPG and Tillman-backed Apollo Tower build 2,000 more mobile masts as the company seeks to expand its coverage to the country's rural areas.
Michael Allison, who headed Macquarieโ€™s renewables operations on the banking side, will now helm the New York fund managerโ€™s renewables and power investing efforts.
NextEnergy Capital said it will start investing the fund, which is targeting Italyโ€™s fragmented solar market, but will continue raising capital.
The launch follows the firm's introduction of US and Australian private markets offerings tailored for defined contribution pension plans.
The French fund manager and Crรฉdit Agricole Assurances have bought the remaining 24.6% Vinci owned in Indigo.
The $1.37bn deal, the biggest ever in Indiaโ€™s renewable sector, sees Tata become the largest renewable power company in the country.
The IFM and Manchester City Council-backed holding has raised fresh bank money as it undertakes a ยฃ1bn revamp of its flagship hub.
The fund has a 190MW portfolio comprising solar and offshore wind assets in Germany, the UK and Norway.
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