The AMP Capital Infrastructure Debt Fund has announced a fourth close on €326m, just two months after reaching third close. Having announced its first UK pension investor at the end of last year, it has now hooked its first US pension.
Consortia including Balfour Beatty, Bouygues, Macquarie Capital, Bilfinger Berger and Hochtief are in the running to build and operate a new bridge over the river Mersey.
The local council wants to double passenger capacity at Luton Airport before 2020. But Abertis, the airport’s operator until 2028, is balking at funding the council’s plans, prompting the latter to publicly announce it may break the concession contract in two years’ time.
The UK bank’s infrastructure funds team is in 'the advanced stages' of raising the equivalent of €400m for two separate sterling and dollar-denominated funds, following the successful close of its debut European greenfield infrastructure fund.
The Japanese firm is negotiating with Spain’s FCC to acquire joint control of the latter’s energy unit, which owns several renewable assets across Spain. FCC and Mitsui say they are now awaiting regulatory approval from the European Union.
The secondaries market can be an important tool in portfolio management – but only when pricing makes sense, the US pension’s CIO recently told PEI.
The Rohatyn Group has acquired a 60% stake in mid-market infrastructure private equity firm CapAsia, which focuses solely on non-BRIC emerging Asia. CapAsia has over $400m of assets under management.
The recent collapse of Hungarian airliner Malev, which accounted for some 37% of Budapest Airport’s annual business, could trigger a compensation claim from the airport concessionaire of up to $3.6bn. Hochtief owns 49.7% of Budapest Airport.
The New South Wales government has pledged to invest A$175m in the troubled Reliance Rail rolling stock public-private partnership – which counts AMP Capital, International Public Partnerships and RBS as investors – to reassure its creditors ahead of a planned draw down.
The French fund manager has hired Bruno Candès (pictured) as an investment director to help raise its second mid-market European infrastructure fund. The hire is part of a ramp-up in staff that sees Infravia also hire talent from Amber Infrastructure and ETDE.
The former global head of Lloyds’ project finance team (pictured) has become the chief executive of the bank’s infrastructure funds platform, which has recently closed a greenfield European infrastructure fund. WestLB’s Chris Heathcote is now Lloyds’ new global head of project finance.
Greystone Managed Investments, the large Canadian money manager, has launched a new infrastructure investment team headed by Jeff Mouland (pictured), a 19-year industry veteran whose prior roles included stints at PSPIB and Industry Funds Management.
The energy investment specialist is partnering with Beowulf Energy in the acquisition of stakes in a power generation facility in Trinidad and Tobago (pictured) and a project transporting natural gas from Tobago to other Eastern Caribbean islands.
We asked leading professionals in the infrastructure asset class for their thoughts on what next year has in store. Today’s opinions come from Alain Rauscher (pictured), Bindu Lohani, Stephen Vineburg and Joel Moser.
The US energy fund manager has acquired a portfolio of four natural gas power plants from rival ArcLight Capital. The deal saw First Reserve partner with Californian pension giant CalPERS, whose investment in a power transmission business becomes its second direct infrastructure stake.