Boasting $4bn in total, Alinda Capital Partners’ latest fundraising effort drew $2.5bn of support during the toughest 12 months for raising capital in living memory. Alinda managing partner Christopher Beale looks back on events in conversation with Andy Thomson.
Most-read news stories from InfrastructureInvestor.com over the past month:
Brazil’s role as host of two major sporting events could cost it an estimated $500bn over the next five years. With such a tight and expensive deadline looming, the country would do well to take a look at Mexico if it wants to get the private sector on board to help it meet the bill.
The National Australian Bank and Industry Funds Management are in talks with several pension funds to lend money to help fund major infrastructure projects. IFM is reportedly setting up a debt fund to that effect.
Franklin Templeton Real Estate Advisors, the real estate investment arm of New York-based Franklin Templeton Investments, has launched its second Asia fund of funds after closing on its inaugural effort in November 2008.
Thousands of PERE readers voted for the individuals, firms and organisations they thought stood out from the crowd in 2009. Here we present the global winners. PERE March 2010 issue
The veteran infrastructure investors both won in four categories, with GIP taking the much coveted Global Infrastructure Fund of the Year award. The awards are a first for InfrastructureInvestor and attracted votes from over 35,000 industry participants, with both established players and rising stars taking the honours.
Poul Nyrup Rasmussen, head of the Party of European Socialists, exclusively told sister magazine PEI why he thinks private equity, real estate and infrastructure funds need bringing to heel.
Saffron Asset Advisors, the Mumbai-based real estate investment management firm is to halt plans for three sector specific India funds in order to concentrate its efforts on its existing portfolio.
Major changes in the fundraising industry continue with Evercore’s purchase of an eight-person private placement team from the former Lehman division. The Evercore Private Funds Group will place infrastructure, real estate, buyouts and other alternative strategies.
Global Infrastructure Partners’ Michael McGhee said at a conference yesterday that the fund was planning to issue bonds later this year to refinance a short-term loan it took out when it bought Gatwick airport for £1.51bn last year. The issue would be done in Gatwick’s name, not GIP’s.
New South Wales has scrapped a A$5.3 billion contract to build a metro link in Sydney, part of which was being procured as a PPP. The project is the second Australian PPP to collapse this year - following Lane Cove Tunnel - and the country’s fourth PPP to fall over the last decade.
Aviva, the world’s fifth-largest insurer, has joined the likes of AXA and Allianz in backing an infrastructure fund, through its partnership with Hadrian’s Wall Capital. The team plans to launch an infrastructure debt fund that could reach one billion, split equally between pounds and euros.
The UK government is said to be planning the creation of a state-backed investment bank targeting infrastructure projects with cheaper capital and small businesses. Germany’s KfW could serve as the model for the bank, which could be announced in this year’s budget.
The property group has mandated HSBC Mexico to act as fiduciary and help raise a $256m industrial fund focusing on investments in logistics platforms across Mexico City, Guadalajara and Monterrey. The new vehicle will target returns of between 13% and 16% and is expected to be fully invested in four years’ time.