Divided opinion 2010-04-01 Andy Thomson <P>Turn to p.14 of this, the April 2010 issue of Infrastructure Investor, and you’ll find out why one US pension considers now is the time for it to start becoming a “premier infrastructure investment manager” while a second US pension does not even believe that
Christoph Schumacher, the head of indirect investments at Generali Deutschland Immobilien, the insurance group’s asset manager, said at Infrastructure Investor: Europe 2010 that LPs investing in infrastructure should create a platform for discussion similar to real estate’s INREV or private equity’s PEIA.
Why are some pensions much keener on infrastructure than others? The role of consultants may be key.
In a sign that the private equity firm is placing increased focus on the asset class, AXA Private Equity could double its infrastructure assets under management with its latest fundraise.
Most-read news stories from InfrastructureInvestor.com over the past month:
Thousands of PERE readers voted for the individuals, firms and organisations they thought stood out from the crowd in 2009. Here we present the global winners. PERE March 2010 issue
PEI talks with Ben Hewetson, the head of Teachers’ London office, about the group’s plans for Europe and the complexities surrounding its recent Acorn deal.
The veteran infrastructure investors both won in four categories, with GIP taking the much coveted Global Infrastructure Fund of the Year award. The awards are a first for InfrastructureInvestor and attracted votes from over 35,000 industry participants, with both established players and rising stars taking the honours.
The fund and its toll road vehicle, Itinere, are analysing several opportunities in the US, Australia and other OECD countries with a view to making a toll road investment this year.
Caisse des Dépôts et Consignations has announced the creation of a unit dedicated to infrastructure investment – CDC Infrastructure. The new vehicle intends to acquire minority stakes in PPPs across the transport, energy and environmental sectors. CDC Infrastructure will mostly target brownfields and starts with a portfolio of nine holdings worth €600m.
Alinda Infrastructure Fund II has reached final close at $4bn, exceeding its cover amount by $1bn while falling $1bn shy of its $5bn cap.
Alinda Infrastructure Fund II has reached final close at $4bn, exceeding its cover amount by $1bn while falling $1bn shy of its $5bn cap. The fund received first-time commitments from CalPERS’ newly created infrastructure allocation and from the Oregon Public Employees Retirement Fund totalling $500m.
Most-read news stories from InfrastructureInvestor.com over the past month:
Chief executive Michael Powell said in a recent interview with InfrastructureInvestor that he wants to make the UK pension a leading co-investor in infrastructure. He said the focus for fund investments would be on re-ups with managers the pension already has a relationship with.
Shareholders today green lighted Macquarie Infrastructure Group’s proposal to divide itself into two listed groups separated according to risk profile. Riskier assets will now be held by a new fund called Macquarie Atlas Roads with the more mature ones held by new vehicle Intoll.