.jpg "Invest AD quits direct investment")
The Abu Dhabi sovereign fund, a regular investor in infrastructure, has run out of dry powder and given up raising a new buyout vehicle.
The German infrastructure fund manager is in line to acquire 11 projects from construction group Bilfinger and is looking to raise additional equity on the public markets before the end of the year.
.png "Copenhagen Infrastructure Partners hires partner")
The renewables-focused firm, established by PensionDanmark a year ago, has bolstered its senior team with the former head of DONG Energy’s offshore wind construction projects.
The London-listed fund manager, headed by Andrew Charlesworth (pictured) and David Marshall, had aimed to raise between £100m and £240m.
Volker Beckers, ex-CEO of RWE Npower, will join ACP shortly after the renewables company’s fundraising efforts reached their first milestone.
Work has been halted at a Spanish gas facility - the European Investment Bank’s first-ever project bond deal. Fitch is warning of a possible downgrade.
The country’s Senate has advanced a bill that will establish the legal framework for public-private partnerships in the infrastructure sector.
The French fund manager will now operate as Ardian, an independent firm led by AXA PE’s founder and executive management.
The London-based firm, which targets UK PFI deals, took just six months to hit its maximum target.
The £70m acquisition, the fund manager’s eighth since its March IPO, will bring Greencoat’s overall capacity to 153MW.
The private equity and real assets firm has hired corporate veteran Duncan Cox as a special advisor.
The Forum development, located on the Cambridge Biomedical Campus, will bring together a post-graduate education centre, a private hospital, a 198-room hotel and a conference centre.
Bahir Manios succeeds John Stinebaugh, who will be taking on another role at the asset manager.
The infrastructure developer, already a major shareholder in Madrid’s transport systems, is now the largest rail investor and operator in Spain.
2013 is shaping up to be a disappointing year for US infrastructure fundraising with less than $1 billion having been raised so far this year exclusively for North American assets.