‘Very aggressive’ cashflow assumptions and valuations calculated based on desired returns are being used to lure buyers, LPs say.
The Canadian pension said it would continue its large-scale core infrastructure strategies as investors seek ‘higher risk’ assets.
The document paints a picture of deceit, bribery and personal enrichment at the collapsed emerging markets firm.
Local governments will be able to use proceeds from special-purpose bonds as project capital, as the country tries to stimulate economic growth.
Airports remain prized assets despite soaring values.
We examine why that’s unlikely to change
The US’s largest public pension made commitments to GIP and JPMorgan, committing capital equal to around a third of its current infrastructure portfolio.
Just 12% of respondents to a MinterEllison investor survey said regulatory and political uncertainty was the main barrier to investing in the sector, notwithstanding the lack of a federal energy policy.
The outlook for renewables is bright, despite the shift towards more market-based systems. But although governments might no longer need to provide subsidies, they still need to offer leadership.
The latest move marks the third time the $75bn pension fund has increased its alternatives allocation target since launching the strategy in 2011.
The National Investment and Infrastructure Fund’s managing director, Sujoy Bose, explains how the government-backed GP expects to lure investors.
Future Energy Artists teams up with superannuation fund to make ‘hardcore solar infrastructure investments’.
The team, which plans to launch a new fund before the end of the year, will be spun off from the renewables unit, which will remain with Mirova.
ALTRAC consortium will inject ‘substantial additional equity’ into the city’s troubled transport project, as Acciona agrees to withdraw its A$1.1 billion legal claim.
Four industry participants tell us how last year’s volatility tested the asset class in all the right ways, highlight their advantage over generalists and explain why strategy drift is not an issue.
Fund managers are increasingly looking to buy assets such as aircraft and home heating systems. We find out under which circumstances these investments make sense and whether asset leasing is ready to take off.