Robert Bain, an independent infrastructure consultant and former credit analyst at Standard & Poor’s, says development banks have a responsibility to discourage poorer countries from embracing certain PPP programmes that are likely to prove unaffordable.
The 30-year fund plans to raise at least €115m to invest in Benelux infrastructure. Unlike their first fund, DG Infra+, the new vehicle will focus on annual cash distributions to investors with the fee structure linked to the fund’s annual yield. Five investors have already committed €80m to the fund, which is targeting its first close in September.
The Japanese financial services group has entered into a partnership with local export credit agency NEXI to raise a fund that will use trade insurance to invest in infrastructure projects across Asia. Reports say the new venture will seek to raise up to $1.1bn.
The global alternative investment manager has closed its largest direct private debt vehicle to date.
Headed by Novera Energy founder David Scaysbrook, the team will make direct investments in areas including wind farms and solar projects.
It’s ultimately in the best of interests of fund managers to accept tax increases, such as the UK's new 28% capital gains rate, and move on.
The Swiss alternative asset manager and adviser has launched a new clean energy and infrastructure initiative headed by Novera Energy founder David Scaysbrook. The firm plans to make direct investments in areas including wind farms and solar projects.
Margot Wirth, head of private equity for the $133bn pension, sees a shift away from total ‘blind trust arrangements’.
Robeco subsidiary SAM has raised $200m towards a $500m target for third generation fund, while WHEB Ventures has corralled £105m for Fund II.
Global Infrastructure Partners, the New York-based infrastructure fund manager, and Montagu Private Equity, the London-headquartered private equity firm, have agreed to acquire Greenstar, a UK waste management firm, for £135m. Greenstar will be combined with Biffa, a larger rival jointly owned by the two GPs.
The renewable energy space threatens to become a lot less attractive. Here's why.
The listed vehicle – GCP Infrastructure Investments – will be floated on the London Stock Exchange and will serve as a feeder fund for the GCP infrastructure fund, launched around this time last year. It aims to provide subordinated debt to UK PFI projects.
The London-based environment-focused fund manager and adviser has established a new European renewable energy infrastructure asset management team headed by former Infracapital Partners principal Stephen Lilley.
KKR’s recent East Resources exit – coupled with HitecVision’s specialist energy fund close this week – is further evidence that the energy sector remains active and vibrant for private equity investors, writes Christopher Witkowsky.
Australia’s A$68 billion sovereign wealth fund has increased its exposure to real estate over the last year. But will commingled fund managers benefit? PERE Magazine June 2010 issue.