Hadrian’s Wall Capital is set to make an announcement regarding its planned infrastructure debt fund soon. In a recent statement, the vehicle is described as a provider of subordinated debt within senior-ranking infrastructure bonds.
CP Eaton Partners says LPs are adopting a “wait and see” attitude towards infrastructure investments in the US. The placement agent cites political and financial obstacles as the chief reason for this and thinks the energy sector has the most potential for upside.
Morgan Stanley Infrastructure has teamed with Egyptian construction firm Orascom to raise what could be a multibillion investment vehicle.
The €200bn pension plans to channel an extra €2bn for infrastructure investments over the next three years. Infrastructure funds are likely to benefit since ABP has no plans to invest directly.
The Polish government and a Cintra-led consortium have rescinded the PPP contract for a €2.1bn section of the A1 motorway, after they failed to agree on the contract’s economic parameters ahead of a January 22 deadline for financial close. The road will now be built from the Polish government’s budget.
Paris-based Antin Infrastructure Partners has switched its focus from transport to energy as it seeks to take advantage of improving opportunity in the latter sector. Antin, which is sponsored by BNP Paribas, posted a second close of its €1bn-target fund on €515m in late December.
The India-focused private equity real estate firm has appointed Raj Inamdar as a principal in charge of creating new business initiatives as it nears the launch of its second opportunity fund.
The €1.1bn fund – formerly known as ABN Amro Global Infrastructure Fund – has rebranded itself as EISER Global Infrastructure Fund following the MBO from Fortis Investments. Chief executive Hans Meissner, the fund’s original founder, talks to InfrastructureInvestor about the buyout and EISER’s plans to launch a second, €1.1bn infrastructure fund.
The fund has increased its total commitments to €275m and welcomed four new investors, including two Dutch pension funds and two international investors. DIF is targeting a final close of €500m in April 2010 for its second infrastructure fund.
The Portuguese infrastructure fund was launched in 2008 with a target of €500m. Two years on, the fund has completed its fourth investment but is now targeting a less ambitious €200m. InfrastructureInvestor caught up with CEO Manuel Cary to learn about the fund’s strategy in the wake of the financial crisis.
The Portuguese infrastructure fund has formed a joint-venture with Polish company NDI to hold a 25% stake in the concessionaire that is building and maintaining the northern section of Poland’s A1 highway.
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.
The ANITE consortium, led by Atlantia subsidiary Autostrade per l’Italia, has pulled out of the race for Abu Dhabi’s $2.7bn Mafraq-Gwheifat highway PPP. Three bidders are now left with a winner expected to be announced in the second half of the year.
The fund has $107m of initial funding and, in exchange for the payment of premiums, will protect investors against unfavourable policy decisions affecting PPP projects.
PensionDanmark and PBU have agreed a €100m co-investment in a renewable energy fund run by a third pension, AP Pension. In a separate development ATP, a fourth Danish pension, will channel €1bn to a climate change fund.