With 10 days left before voting closes, time is running out for you to decide on who were the best performers in the asset class in 2012. Read on to find out about some of the current close calls.
The UK alternative asset manager has bought a £2m stake in a Scottish schools PFI project. The money has come from Foresight’s £33m Infrastructure VCT Shares, the largest VCT fundraising in 2011/12
Bank of Tokyo-Mitsubishi and the Japan Bank for International Cooperation provided half of the $100m first close of the CapAsia ASEAN Infrastructure Fund III. The fund is targeting $350m.
A solar energy joint venture on the island of Crete involving the UK’s Nur Energie and Motor Oil Hellas of Greece has been awarded a €42m grant from a financing instrument jointly managed by the European Commission, European Investment Bank and member states.
You decide – vote in the fourth annual Infrastructure Investor survey. The awards acknowledge outstanding performance in 46 different categories.
Assuming certain predictions of world-ending apocalypse do not materialise, we look forward to resuming normal service on Jan 2. In the meantime, however, check back here for the views of leading asset class professionals on what they expect in 2013.
The Stockholm-based fund manager has purchased more than half of E.ON Energy from Waste, one of Europe’s leading energy-from-waste companies. Vendor E.ON will retain a 49% stake following the deal, for which the amount paid was undisclosed.
The Amsterdam-based infrastructure fund manager has announced a €463m second close for its latest fund, having reached €320m in May. The fund has a final target of €600m.
A consortium of investors led by Macquarie has bought EDF Energy’s Sutton Bridge Power Station, an 819-megawatt combined cycle gas turbine power plant in south-east Lincolnshire, UK.
HICL Infrastructure Company has acquired two Private Finance Initiative school portfolios in Scotland from fellow London-based investment firm EISER Infrastructure Partners. The latter had owned the 16 schools over a six-year period.
Investors with schemes in place to reward good performance have netted annual returns of 11% or more over the last five years.
PFI’s successor should have been the framework that conclusively brought institutional investors into the mainstream of greenfield infrastructure debt financing.
Christine Galeon, who has been with the British bank for seven years, is Barclays’ new head of infrastructure and structured project finance. She replaces David Cooper, who moved to IFM in September.
McKinsey co-head of infrastructure Robert Palter warns that only a better alignment of interests between LPs and GPs will save infrastructure from going down the same path as the buyout industry.
The Australian fund manager is following this summer’s close of its debut €400m subordinated debt fund with a second offering to satisfy demand from institutional investors in Asia, Europe and North America.