After its first infrastructure investment last month, the Ohio pension has pledged up to $80m to Meridiam’s third North American fund and upped its real assets target.
The deal brings an end to the firm’s 10-year ownership of Red Funnel, having initially purchased the company from JPMorgan.
The projects were won in Italy’s latest auction last year by PLC System and are set to begin construction next month.
Backed by Japanese investors, the vehicle is seeking to raise another $400m to invest in operating assets in the country.
The UK-based firm garnered commitments from 47 investors, raising 50% more than for the vehicle’s predecessor in about three months.
Since 2012, AllianzGI has played a pioneering role in building infrastructure debt into a fully fledged asset class. Barely a year after becoming head of alternatives, Deborah Zurkow, together with colleagues Adrian Jones and Martin Ewald, reflect on how the firm seeks to maintain its lead.
The fund under consideration would target operating power assets, a shift from the greenfield projects Actis has pursued in recent years.
The firm’s new Core Infrastructure Fund, expected to hit a €450m hard-cap after the summer, purchased a stake in ADTIM from InfraVia.
The US alternative investment firm closes its first dedicated real assets fund.
The NetLink NBN Trust, which runs a 76,000km fibre optic network across the island, is expected to provide an annual yield of around 5%.
The US endowment committed $50 million to infrastructure
The move brings the World Bank affiliate’s emerging market-focused infrastructure initiative to one-fifth to its $5bn fundraising target.
The move by the Worcestershire County Council Pension Fund, which knocked back an approach from I Squared, represents its first steps in boosting its infrastructure allocation.
The co-head of the firm’s infra debt strategy sees opportunities arising from the refinancing of brownfield assets and Australia’s growing renewables sector.
Our cities are increasingly challenged to accommodate rapid urbanisation and its impacts on land, resource use, city design and infrastructure quality. District energy systems are helping to solve these modern infrastructure problems, writes InstarAGF’s Gregory Smith.