.jpg?id=12885342822 "Bfinance: infrastructure enters ‘dramatically different era’")
Increased sophistication in the asset class among investors has led to questions about bids for assets and the adoption of greater risk appetites.
The firm closed its second infrastructure fund on C$950m in January.
.jpg?id=19327381295 "Are LPs getting their way on fund terms?")
With the possible exception of hurdle rates, LPs can count victories on management fees, carry and the growing number of bespoke structures being employed.
Some $80m of commitments have begun to roll in from UK and US pension funds for the vehicle.
Brexit will have implications for loan-originating fund structures but they may not be too dramatic, according to Patricia Volhard of Debevoise.
The placement agent’s 2017 survey saw a majority of institutional investors keeping their infra exposure flat.
Airport operator ADP and telecoms firm Orange have also been slated for possible government sell-offs.
The entity will work alongside Crown Infrastructure Partners, a $434m government fund to promote private investments in the country’s infrastructure.
Singapore-based Equis is also developing Taiwan’s largest solar farm with a capacity of 70.2MW.
The €300 million project was put on hold last week following protests in the local area.
The two will partner on future projects to store excess energy as Elon Musk continues to diversify his company away from vehicles.
The $15bn Ohio Police and Fire Pension said infra will comprise up to 70% of its newly rebranded real assets portfolio.
The Chinese operator continues its global expansion, following a $1.12bn investment in Sri Lanka last month.
.jpg "Why 2016 was a terrible year for EM infra investing")
Private investment in emerging market infrastructure dropped to $71bn in 2016, the lowest it’s been for a decade. But that lull obscures an uplift just around the corner.
The vehicle is also closing in on the acquisition of six small-scale plants in Norway.