Moser, formerly co-chair of Fulbright & Jaworski’s global infrastructure group, has joined rival law firm Bingham McCutchen as a partner in its New York office. He will join Bingham’s energy and project finance group as part of the firm’s strategy of expanding its project finance practice.
Susan Flynn has left her role as co-CIO at fund of funds Hermes GPE. Flynn, who worked alongside Peter Gale, led the firm's secondaries and infrastructure activities.
Financial services firm Towers Watson said following a recent report regarding pension fund investments in alternative asset classes that investors should pay ‘careful attention to the net of fees proposition, in particular for infrastructure’.
Envirogen Technologies, a US investment business owned by Amplio Group, the London-based renewable energy investor and operator, has raised $50m in equity financing for a pipeline of design, build, operate (DBO) projects in the environmental treatment sector.
Two of Eaton Partners’ former European fundraisers have set up London-based placement agent Threadmark.
Of the $179bn of assets managed last year by the world’s top 50 infrastructure funds, $109bn - or about 61% - correspond to mandates on behalf of pension funds, reports a survey by Towers Watson and the Financial Times. Macquarie manages the largest amount of pension assets of all alternative asset class managers, at $52bn.
Despite a slight slowing of momentum in the second quarter, the infrastructure fundraising revival is still on course, with the amount of capital raised in the first half of this year almost reaching the total for the whole of 2009.
The French brownfield fund has reached final close on schedule at €1.08bn, surpassing its original €1bn target by €80m. Just under half of Cube’s investors come from North America with 33% from France.
The Egyptian private equity and infrastructure investment firm will receive up to $100m in commitments from the Overseas Private Investment Company (OPIC) after responding to a ‘call for proposals’ from the latter towards the end of last year.
A new survey by Russell Investments finds infrastructure investment allocations likely to increase from a 0.3 percent share of global institutional portfolios last year to 1.4 percent in 2012.
The African mid-market needs to move beyond being a magnet for ‘social’ capital and demonstrate that it can justify investment on purely commercial grounds.
The private equity party is starting to swing in Brazil, but many GPs are keen to point out that opportunities abound throughout the Latin American region.
The private equity industry awaits resolution on the AIFM directive as three-way negotiations between the EU parliament, the Council of Ministers and the European Commission are expected to conclude in July.
Infrastructure fund managers are devising new fund models more suited to their own needs and those of their investors, finds Andy Thomson.
An independent commission unveiled its recommendations yesterday for setting up a state-backed UK green investment bank. They include the creation of a new category of green bonds to satisfy a ‘real demand’ among pensions and insurers ‘for a new type of long-dated instrument’.