staging
The โ‚ฌ23bn Danish pension's director of private investments, Kasper Struve, is comfortable with such investments so long as they pass the โ€˜infrastructure testโ€™.
The New Mexico State Investment Council has approved a $100 million commitment to BlackRockโ€™s Global Energy and Power Infrastructure Fund III, according to a spokesman for the state endowment. Documents from NMSICโ€™s board meeting this week show GEPIF III had raised $2.1 billion before the endowmentโ€™s commitment. The fund is a continuation of an energy [โ€ฆ]
Macquarie offices
The North Dakota State Investment Board is committing $140 million to Macquarie Infrastructure and Real Assetsโ€™ fourth flagship fund, according to documents made public before the pension managerโ€™s upcoming board meeting. NDSIBโ€™s first commitment to MIRAโ€™s infrastructure programme is meant to diversify the pension systemโ€™s infrastructure portfolio. โ€œJPMorgan is managing approximately $407.6 million in infrastructure [โ€ฆ]
The $67bn Australian superannuation fund has pursued a hybrid investment strategy since appointing Mark Hector as portfolio manager in 2014. After deploying its largest equity cheque, we find out what the future holds.
The risks of sharing a blind pool where the sovereign wealth fund plays such an outsized role are being thrown into sharp relief.
Private equity managers and their LPs could stand to lose from government intervention on foreign direct investment.
ATP said that its $6.7bn TDC acquisition is safe, but further involvement with the group is paused pending questions they โ€˜need to have answeredโ€™ amid claims of dividend trading, denied by Macquarie.
The British pension will invest more than $320m in large-scale solar and smaller onshore wind assets.
A survey of 33 global investors is a โ€˜canary in the mine shaftโ€™ for investor confidence in the Australian infrastructure market.
Airplane
GIPโ€™s 42% stake in Londonโ€™s second-largest airport could be worth nearly $4bn.
CIO Sam Sicilia says the superannuation fund will consider non-core and infra-like assets, but only on a case-by-case basis.
In a heady fundraising environment, GPs are pushing fund terms in their favor, and itโ€™s up to LPs to walk them back, Texas Municipal Retirement Systemโ€™s director of private equity Christopher Schelling says.
Ahmed Badreldin, former head of MENA for The Abraaj Group, writes for PEI about his thoughts for LPs on fund due diligence lessons and investor safeguards.
CIO Jang Dong-hun is concerned these investments might prove harder to exit, expresses a preference for publicly regulated assets and recalls a bad experience with crematoriums in Korea.
The Canadian pension has teamed with Generation Investment Management and will target companies with strong ESG attributes.
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