Australian fund manager IFM Investors has launched a new open-ended infrastructure debt fund that is targeting investments mostly in the US and has raised around $500 million to date. The debt fund has made two investments in midstream projects and is targeting more assets for sub-investment grade transactions. IFM Investors, which is owned by 27 […]
For all the debate it provokes, the conventional hurdle rate has remained stubbornly untouched since the ’80s.
Institutional clients will receive ‘tens of millions’ of dollars as the majority of the fund manager’s investments meet or outperform objectives.
The regulatory agency is seeking comment on proposals to ease restrictions that prohibit banks from investing in private equity funds.
The consortium led by the toll-road operator – including Australian Super, CPPIB and Tawreed – beat competition from an IFM-led team, as Transurban gains control of 16 of the country’s 20 toll roads.
Following a tsunami of senior executive changes at Korea’s National Pension Service, we examine how this has affected business.
Simon Havers of executive search firm Odgers Berndtson details why carried interest allocation is not smooth sailing.
The Danish pension scheme’s half-year activities included joining a $6.7bn Macquarie-led ticket to buy telecoms group TDC.
As asset managers become increasingly exposed to cybercrime, one not-for-profit is developing interoperability standards that would prevent private equity firms from becoming the target of cyber-criminals.
The Canada Infrastructure Bank has provided its first project loan, committing C$1.28 billion ($980 million; €840 million) to help bring CDPQ Infra’s Montreal light rail development to financial close. CIB’s financing is a 15-year senior secured loan at a 1 percent rate, which rises to 3 percent over the term length. The C$35 billion federal […]
The Aussie superfund’s solo bid beat a joint offer from MIRA and Sunsuper, with Cbus dropping out of the process.
The airport will realise ‘significant’ cost savings from the deal, taking 95,000 MWh annually from Crudine Ridge Wind Farm, approximately 25% of the facility’s output.
Potential crisis around trade, Brexit and Italy’s government could cause trouble for credit markets.
While the region continues to experience some volatility and uncertainty – elections, slower-than-expected economic recovery and the lingering after-effects of corruption – infrastructure investors tell Kalliope Gourntis all the reasons that keep them coming back.
Now the initiative has ended, with most of the available assets in private hands, Daniel Kemp looks at the risks of taking such large businesses private.