Having invested more than 80% of the capital from its debut vehicle, the New Delhi-based private equity real estate firm has hit the fundraising trail for a follow-up.
The global private equity investor has changed hands for the second time in six years.
Financial group Duet is targeting the UK PFI market with a new senior debt fund. The firm is currently fundraising for its new vehicle which intends to provide debt for short-term bridging facilities. A timeline for the fund has yet to be announced but Duet says it plans to have over £1bn of assets under management in five years’ time.
Magnus Christensson has left placement agent Atlantic-Pacific after nearly eight years to help build Jefferies’ global placement business.
Italy's Impreglio and Brazil’s CR Almeida Group, the controlling shareholders of Ecorodovias, will sell their stakes in the company via the IPO. Neither the timeline nor the number of shares to be sold are yet known. Ecorodovias is one of Brazil’s largest toll road operators, managing over 1,450 kilometres of roads.
Nicolas Merigo, formerly the head of Santander Infrastructure Capital, has been appointed chief executive of Marguerite Adviser, the advisory body that will be responsible for originating investments for the EU’s €1.5 billion Marguerite infrastructure fund. The fund is expected to reach a first close on March 3 2010.
An initiative which enabled Australian states and territories to more easily raise finance for infrastructure projects during turbulent economic times is to be withdrawn as confidence in market conditions grows.
Alinda Infrastructure Fund II has reached final close at $4bn, exceeding its cover amount by $1bn while falling $1bn shy of its $5bn cap.
Alinda Infrastructure Fund II has reached final close at $4bn, exceeding its cover amount by $1bn while falling $1bn shy of its $5bn cap. The fund received first-time commitments from CalPERS’ newly created infrastructure allocation and from the Oregon Public Employees Retirement Fund totalling $500m.
Infrastructure investors find themselves in a healthy position looking forward. But the mistakes of the past mean a healthy debate about fund economics is necessary.
When governments splurge cash in the years running up to the worst global economic slump for decades, you know the adage about repenting at leisure will end up being horribly apt. But when public finance runs dry, you also know it spells opportunity for sources of private capital.
Most-read news stories from InfrastructureInvestor.com over the past month:
The German multiservice group said earlier this week that it plans to go ahead with an IPO of its Australian business – which includes construction units Abigroup and Baulderstone. Bilfinger Berger hopes to list its Australian subsidiary during the first half of this year, in a deal that could net the company up to A$1.5bn.
Paris-based fund manager Antin Infrastructure Partners recently announced a €515m second close for its €1bn-target Antin IP fund. At a media briefing, CEO Alain Rauscher said he was confident fundraising has taken a turn for the better and spoke about where new deal opportunities lie.
Chief executive Michael Powell said in a recent interview with InfrastructureInvestor that he wants to make the UK pension a leading co-investor in infrastructure. He said the focus for fund investments would be on re-ups with managers the pension already has a relationship with.