The Netherlands-based international financial services firm has recruited two new hires to its New York-based Renewable Energy & Infrastructure Finance (REIF)-Americas business.
The fund, billed as the UK’s first ever bank-led UK infrastructure debt fund, has already been seeded with £200m of assets. The fund’s ‘sweet spot’ will be loans of up to £80m, enticing sponsors to bypass the traditional bank club structure.
A €110m add-on acquisition from utility E.ON gives EQT ownership of Sweden’s entire high-pressure natural gas transmission grid, running over 620km.
The Asia Pacific region accounted for more than 27% of global infrastructure projects by value in the second quarter of 2011, second only to Western Europe and well ahead of third-placed North America.
AXA Private Equity has teamed up with French renewables producer neoen to agree the acquisition of the renewable energy activities of Poweo ENR from Austrian electricity firm Verbund. The deal will make the Paris-based private equity firm France’s fourth-largest wind farm operator.
The new commitments allegedly include a re-up from an existing investor to the fund, which recently restructured to a ‘hybrid’ vehicle with a 15-year life that can be extended in five-year blocks.
Anthony Edwards has followed Alec Montgomery from RBS to fund manager Industry Funds Management (IFM) in New York. When Montgomery left RBS for IFM in 2008, Edwards assumed the role as RBS’ head of infrastructure financing for North America that Montgomery left behind.
North Queensland Airports, which operates two Australian airports and is majority-owned by institutional investors advised by JP Morgan Asset Management, has secured the refinancing from a club of five banks.
The London-based European fund manager has set up a new advisory board to help it 'get a foot in the door' in certain markets. The board has an initial four members, but will be added to over time.
A shift in strategy by pension funds worldwide means they now comprise around half of alternative asset managers' investor base, according to a recent survey. The survey also shows pensions’ already strong appetite for real estate continuing to grow as they seek to diversify away from equities.
After a grim first quarter of 2011, global infrastructure fundraising picked up in the second three-month period. In total, $6.2bn was closed in Q2 compared with $2.2bn in Q1 – bringing the total raised to $8.4bn so far this year.
Infrastructure fundraising is struggling to recover – and the problems of the Eurozone are a contributory factor
The London-based European private equity firm has so far raised €390m for its second renewable energy fund on its way to a target of €500m. The information was disclosed by HgCapital Trust, the listed investment trust which takes a minority stake in all HgCapital’s investments.
Budgetary pressures from Greece to the US force tough questions on those contemplating asset sales
Philippe Maystadt, the president of the European Investment Bank, revealed in an exclusive interview that he would like to test the bank’s initiative to credit-enhance private sector infrastructure bonds before its scheduled launch date of 2014.