The Deutsche Bank spin-out is targeting a final close for its second infrastructure fund by the end of this year. iCON recently hired veteran infrastructure banker Iain Macleod to beef up its ranks.
Thirty institutional investors from Australia, China, Japan, the US, Germany and the UK helped wrap up the subordinated debt fund. AMP has already invested over 42% of the vehicle.
The team has picked up the UK's second-largest regulated water-only company, serving some 3.5m people. The sale attracted attention from AXA Private Equity, Goldman Sachs, USS and iCON Infrastructure, to name a few.
The $627bn sovereign wealth fund has merged its Real Estate Department and Infrastructure Department as it seeks to streamline functions.
The services group is selling a 16.7% stake in the University College London Hospitals project to CFIG Unicorn Holdings.
The £11bn Strathclyde Pension Fund has become one of the founding investors of the £2bn Pensions Infrastructure Platform. IFM is being used as the model for the new scheme.
The London-listed fund manager has raised £20m more than it was expecting from its most recent placement. The funds will be used primarily to fund three new investments.
René Kassis is heading a team of four at La Banque Postale’s asset management division working on a new infrastructure and real estate senior debt fund. The fund will target primary and secondary deals across Europe and is expected to reach a first close by the fall.
The AMP Capital-managed infrastructure fund, which has raised €300m and is targeting €1bn, has clinched its first deal: a controlling stake in a portfolio of wind farms located in the Republic of Ireland and Northern Ireland.
Consortia including Icon Infrastructure and PSP Investissements and a team of AXA PE, Infracapital Partners and the South Korean National Pension Service are not expected to submit a binding bid next week for the £1bn of water assets.
The French private equity firm is on track to raise €1.5bn for its third infrastructure fund. The close is dependent on the spinning-out of AXA Private Equity, which may be announced by the end of July.
Prime Renewables will target solar PV and onshore wind across Europe with the aim of generating 400MW of power. The vehicle will be open to institutional investors through 25-year profit-participation notes.
Abertis and the Luton authorities have made peace and merged their expansion plans for the airport, netting the Spanish firm an extra three years to operate and manage it.
In an exclusive interview in the June 2012 issue of Infrastructure Investor, the Canadian pension giant’s global head of infrastructure Alain Carrier spoke of the way in which the firm’s active investment strategy is measured against a modelled passive approach.
Abertis believes the Jose de Mello/Arcus takeover bid for the Portuguese toll road operator ‘clearly undervalues Brisa’. The Catalan firm is also arguing that ‘a conflict of interest within Brisa’s board may be deemed to exist’.