The US endowment administrator backs Macquarie's fund.
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The listed fund is intending to use the proceeds, which could reach up to £330m, to repay its debt facility following two high-profile acquisitions.
The use of credit facilities to delay capital calls is now widespread in private equity. What is at risk? And what can infrastructure learn from it?
The German asset manager invested over €120m in the project last December, exiting to a Japanese institution in less than four months’ time.
Hastings is calling the monopoly business ‘a new asset class’ underpinned by stable cashflows, defensive characteristics and a long-term investment horizon.
The Melbourne-based fund will also conduct a review of its A$100m private equity programme following a labour practices scandal concerning some portfolio companies.
Japan’s prolonged low growth/low yield environment has pushed investors to look for higher yields from real asset investments, according to AMP Capital.
Investing alongside Italian group Enel, the 275MW project represents the firm’s second solar deal in Australia.
The Japanese pension giant has stepped up its alternatives asset manager search and issued a call for applications for infrastructure, global private equity and real estate funds of funds.
First Infrastructure Capital Advisors, formed in February, will focus on greenfield development in the Americas and Australia.
View the latest capital raises
The global investment manager’s initial target for Real Assets Fund III was $500m, according to a document obtained by sister publication Secondaries Investor.
Takako Koizumi, investment director at Tokio Marine Asset Management, tells us about the strategies and sectors that are capturing the attention of Japanese institutions.
LocalTapiola’s SKr200m contribution has brought the Swedish manager closer to its final target of Skr4bn, expected to be reached later this year.
The Beijing-based multilateral has approved total financings of more than $2bn since it was formally established last January.