staging
Hiromichi Mizuno was tasked with guiding the world's largest pension fund into alternatives. He tells PEI what he learned in his four-year tenure.
US power producer Duke Energy has sold a minority stake in its renewables portfolio to an infrastructure fund owned by Canadian insurance giant Manulife Finance Corporation. According to a statement released by Duke, John Hancock Investments, Manulifeโ€™s US capital management division, purchased a 49 percent stake in 37 operating wind, solar and battery storage assets [โ€ฆ]
Itโ€™s all in the timing โ€“ or is it? We speak with Howard Marks and Bruce Flatt about the deal that has got everyone talking.
The City of Chicago treasurer on why he took a stand on ESG and what he considers the biggest threat to private equity as we know it.
Wind power
The Washington State Investment Board has restructured $500 million originally committed to the Geronimo Renewable Infrastructure Partners fund into a co-investment partnership with the UKโ€™s National Grid. According to a document published on WSIBโ€™s website published online, the US pension announced the allocation shift this week. It comes after the UK utility bought out the [โ€ฆ]
Sister publication pfm puts stats to the trends this month: gender pay gaps, diversity attitudes and GP commitments.
Tim Briggs, a partner in Herbert Smith Freehillsโ€™ competition, trade and regulation practice, on why the UKโ€™s regulatory framework has been so successful, its greenfield potential and how it could all fall apart.
Ralph Berg OMERS
With C$18bn in the asset class, head of infrastructure Ralph Berg says that partnering with some of the worldโ€™s most sophisticated institutions is โ€˜now a core pillarโ€™ of the pensionโ€™s strategy.
New status is expected to widen the range of US and foreign owners of Blackstoneโ€™s stock.
Raising Hands for Participation,Vote,
Resorting to a plebiscite to block the privatisation of airport operator ADP would not only be counterproductive, it would set a dangerous precedent whereby a minority in parliament could block legislation it didnโ€™t like.
The Operating Principles for Impact Management, published by the IFC, set a clear common market standard for what constitutes an impact investment and addresses concerns about 'impact-washing'.
cargo ship
Asset manager estimates the subsector could require as much as $4.5trn in financing over the next 10 years as bank lenders exit the market.
Yet other hurdles remain, including a possible referendum on the proposed sale that is pending approval by the Constitutional Council.
Outside renewables, Chinese investors acquired no Australian infrastructure in 2018, the only deal being a buyout of engineering firm RCR Tomlinsonโ€™s rail arm.
KIC chairman Heenam Choi explains why the sovereign wealth fund is looking to invest in alternative asset classes.
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