The infrastructure arm of the Swedish private equity firm is in the market for a follow-up to its debut €1.2bn infrastructure fund which it closed in 2008. On completing its most recent deal in December, that fund was around 85% invested.
The Treasury, the National Association of Pension Funds and the Pension Protection Fund are to meet twice a month to work on a framework that will allow local pension funds to increase their average 2.5% allocations to infrastructure. An announcement is expected with the 2012 Budget, in the spring.
The £760m Northumberland County Council Pension Fund’s debut infrastructure investment went to Global Infrastructure Partners’ second infrastructure fund, which recently reached a first close on $3bn. The pension may do a second infrastructure investment in the next six months.
Don’t miss your chance to influence the outcome in 45 categories making up the Infrastructure Investor annual awards for 2011. Some extremely tight contests are underway and, with the poll closing on January 20, 2012, your opinions could make a crucial difference.
We asked leading professionals in the infrastructure asset class for their thoughts on what next year has in store. Today’s opinions come from Luis Manuel Sada-Beltrán, Mathias Burghardt and Tom Murley.
Infrastructure Investor describes six key developments in 2012. Mark our words.
The debt fund tapped the market for a better-than-expected fundraise of £67m, adding to the £65m it had already fully invested from the same vehicle. The fund aims to use the new money to capitalise on ‘significant investment opportunities to provide debt financing to UK infrastructure projects’.
The EU-focused infrastructure fund manager has acquired a stake in the owner and operator of a large offshore Belgian wind project. The deal is the first from Marguerite’s debut fund, which posted a €710m first close in March 2010 and is targeting €1.5bn.
What is the right level of fees and carried interest for an infrastructure fund? This is one of a number of hot-button issues we ask limited partners to ponder in our Investors in Infrastructure Survey 2012. Make your opinions count!
Guarulhos, Viracopos and Brasilia airports – responsible for 30% and 57% of the country’s passenger and cargo throughput respectively – are up for grabs with an auction set for February 6, 2012, on the Sao Paulo Stock Exchange.
With bleak economic news continuing to cast a cloud, infrastructure funds will spy a silver lining as a new survey points to an increasing appetite for the asset class and a growing number of dedicated allocations.
The Belgian fund’s maiden French investment sees it acquire an 80% stake in a special purpose vehicle that holds four prisons. Eiffage was the seller and will retain a 20% stake in the €270m prison projects.
The offer closed oversubscribed, attracting a ‘well-balanced range of high quality institutional investors’. The fund will use the money to buy up to 19 PPP projects from its developer parent, which owns 19.95% of the vehicle.
The European private equity firm was in the market for 20 months with its second renewable energy fund and comfortably surpassed a €500m target.
A team led by Amber Infrastructure has closed the £50m Scottish Partnership for Regeneration of Urban Centres (SPRUCE). The vehicle will offer loans to regeneration and energy efficient projects across the country and is Amber’s third JESSICA mandate in the UK.