.jpg?id=12885372379 "IFM adds energy and infra expert to US debt team")
Matthew Wade, a former Royal Bank of Canada director, is the latest addition to IFM Investors’ North American team after hiring two directors earlier this month.
The London-listed infrastructure fund followed its first US deal with a $32m investment in subordinated debt secured by military housing assets.
MIC purchased one of the largest solar farms in Utah and increased its renewables portfolio capacity to 350MW.
Aboitiz Power, one of the largest power producers in the Philippines, has beat competition from other investors for two power assets with a combined capacity of 1.94GW.
The Swedish International Development Cooperation Agency will guarantee a portfolio of ADB loans in India, freeing up the multilateral to lend more.
Commitments from its first Asian and Middle Eastern LPs helped propel the French firm past its original €900m hard-cap.
Recent allocation change
.jpg "Chinese construction firm to set up $482m M&A fund")
Anhui Railway Development Fund and Greenland Financial are two of the potential investors in the fund, which targets opportunities arising from China’s industrial reforms.
The Singaporean SWF has teamed up with GSA to fund the portfolio, spread across 11 British cities.
The Beijing-led lender has approved $829m in loans so far, aiming to extend that figure to $1.2 billion this year.
A joint resolution from Illinois’ House and Senate is needed before the state DOT can issue a RFQ for the $425m project.
The City of Chester said stormwater runoff is a leading contributor of water pollution and is seeking a private sector partner for a $50 million upgrade project.
The average price per renewables contract awarded in the country’s second auction was $33.47MWh, down 30 percent from its first auction in March.
The US solar provider, planning to merge with Tesla Motors, is partnering with Citi to invest in US solar projects and has promoted Radford Small to CFO.
Recent fund commitment