Australian infra head Michael Hanna says the capex spend - 'one of the biggest across the Australian economy over the next decade' - is ‘very appealing’ due to high valuations for core infra.
The fund will target renewables in UK and Europe, as well as eyeing assets in Australia.
The 6% annual returns JPMorgan AM predicts infrastructure equity will generate over the next decade, will ‘offset a lot of the pain that will at some point come’.
The 2019 Infrastructure Investor Hong Kong Summit took place against a backdrop of protests. It’s clear investors are aware of the opportunities that Asia can provide – but many are still wary of the risks involved.
Only 40% of the debt issued during Q3 of this year met international criteria on green finance.
As the rulemaker for Australia’s electricity market indicates it will not get rid of marginal loss factors, what effect is this likely to have on investment? And is the regulator’s position likely to change before its final ruling in January 2020?
‘Emerging areas like data management’ could be classified as critical infrastructure, Australian federal treasurer Josh Frydenberg said during a speech on the rise of China.
Infrastructure Partnerships Australia found just 49% of respondents saw ‘compelling’ investment opportunities in Australia, leading to a growing preference for unregulated and core-plus assets.
Pollination will focus solely on energy transition through advisory services it will provide to governments and policy makers and its investment arm, which will seek to raise $4bn.
Representatives from Hyundai Insurance and China Ping An Insurance said proof of a manager’s skill will come during the next downturn.
The fund manager will use its hands-on approach to expand into developing economies, vice-chairman Jim Yong Kim said.
The sovereign wealth fund thought the UK was the ‘best and safest place’ to invest, but ‘we were wrong’, its CIO said, referring to GIC’s negative experience with Heathrow Airport.
Partners Group’s Andrew Kwok cautions that growth in PPAs presents new risks to investors at the same time as supporting project investment cases.
Panellists say financing renewable projects is becoming more difficult due to slowing economic growth in the country.
The LP-friendly limited partnership agreement is intended to cut down the need for negotiation and side letters when establishing a private equity fund.