The Dutch infrastructure fund manager has acquired the 50% of the £55m University of Hertfordshire project it didn’t already own. The seller was Carillion.
The Munich-based alternative assets advisory firm, which provides access for investors to infrastructure and other asset classes, has bolstered its ranks with the appointment of Armin Otterbach.
The infrastructure arm of the Swedish private equity firm has recently reached a first close for Fund II after less than six months on the fundraising trail. EQT is targeting a €1.5bn final close for its second infrastructure fund.
The investment management arm of the global insurer has poached a team of executives from Trifinium Advisors, led by Deborah Zurkow, to provide its institutional clients with access to infrastructure debt. The focus will, initially, be on Europe.
BlackRock acquired Swiss Re PE partly to offer its clients a substitute for low-yielding fixed income assets and believes infrastructure is the best replacement.
The European Union-focused infrastructure fund paid €24.5m for a 45% stake in a shadow toll road in Spain, described as ‘an important North-South corridor in Spain’. Marguerite has so far invested over €100m across four projects.
UCG Investments has announced the first close of its latest private equity fund after a six-week fundraising period. The fund will target infrastructure and energy as well as agriculture, forestry and real estate – mainly in Uruguay, Peru and Colombia.
The US investment manager has agreed to acquire Swiss Re Private Equity Partners, the European private equity and infrastructure fund of funds arm of the Swiss insurance and reinsurance firm.
The concessions arm of Isolux Corsan has completed a €600m capital raise. The lion’s share came from Canada’s Public Sector Pension Investment Board, with the Spanish developer contributing €100m.
JP Morgan Asset Management’s newly minted Infrastructure Debt Group helped broker the deal, which saw PensionDanmark pick up a portfolio of UK project finance loans for 83.5% of its value. Bank of Ireland was the seller.
Utilities Trust of Australia has bagged its first close of the year with commitments from new and existing investors. The unlisted fund has existed since 1994 and has a market cap of A$2.6bn.
The London-listed infrastructure investment firm has agreed to acquire interests in eight Building Schools for the Future projects from Carillion Private Finance. The latest deal stems from INPP’s takeover of a government investment arm in August last year.
The Deutsche Bank spin-out is targeting a final close for its second infrastructure fund by the end of this year. iCON recently hired veteran infrastructure banker Iain Macleod to beef up its ranks.
With necessary but controversial privatisations underway, Australian states are looking to the Superannuation funds to prove their commitment to their home market
Thirty institutional investors from Australia, China, Japan, the US, Germany and the UK helped wrap up the subordinated debt fund. AMP has already invested over 42% of the vehicle.