.bmp "‘Too much money in infra’ say LPs")
More than half of investors canvassed in a new survey say there is an excess of capital being invested in infrastructure, which is hurting returns.
Brookfield Infra has acquired Entergy Solutions District Energy, which serves the business districts in Houston and New Orleans.
.png "LatAm overtakes Asia-Pacific fundraising")
But the high point of Latin American fundraising was reached last year.
The fund manager has picked up a 45% stake in the M50 from Spain’s Sacyr.
The government of Africa’s second-largest economy has attracted enormous interest as it seeks to lure private capital into its power industry.
Macquarie Infrastructure Company is on target to meet full-year guidance despite net loss of $848,000.
Macquarie Infrastructure Co re-affirmed full-year guidance despite sharp drop in profit and 2.3% drop in revenue.
The fund manager acquired a 49% stake in a hydroelectric project in Mexico.
The Japanese trading company is to invest up to €100m in Mainstream, an Irish wind and solar developer.
The seller was private equity firm Terra Firma, for a reported £700m.
The French fund manager could close on between €500m and €600m later this year.
.png "Chart of the Week: More capital, fewer funds")
A few major players are increasingly dominating infrastructure fundraising, with more capital being raised by fewer funds.
The up to 12-year fund has just held a first close on €425m backed by three European insurance companies.
Average fund size grows larger for the first time since the onset of the global financial crisis.
Sixty-five percent of the company’s revenues and 60% of its EBITDA are now generated outside of Spain.