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.
With the promise of outsized returns comes the expectation of outsized compensation.
Prime Minister Giuseppe Conte softens threat to nationalise all concessions but warns of ‘a clear signal of change’ to how they are operated.
The two countries have signed a memorandum of understanding to foster private investments in energy infrastructure, including a new 381MW gas-fired power plant.
The government could also support new coal-fired power stations as PM Malcom Turnbull gives in to pressure from MPs within his own party.
An advisor to the $52.7bn pension recommended new strategies, including infrastructure investments, to ‘enhance the fund’s risk-adjusted returns’.
'Appalling’ timing gave founders Mike Dorrell and Trent Vichie a rough time at Blackstone. But that tough formative experience gave birth to one of the asset class’s standout operators. With their $7.2bn third fundraising behind them, we find out what’s next.
The UK pension has been struggling with its infra allocation, investing last year in Infracapital to make up for a slower Partners Group drawdown, but finding itself in the same situation again.
Bill S-865 allows more government bodies to enter into public-private partnerships, which are no longer limited to social infrastructure and can now include roads.
The line between opportunistic investments, legitimate expansion of the asset class’s boundaries and strategy drift is a fine one to tread.
Wymen Chan is joining from Armstrong Asset Management and will lead the manager’s Singapore-based investment team from September.
The authorities are also demanding resignations and considering fines for operator Autostrade, following the incident in Genoa which killed at least 37 people.
The Australian government’s flagship policy still faces a battle to secure support in Parliament, as well as from wavering state governments.
Infratil and Mercury launched a joint bid to take 100% ownership of Tilt Renewables, which holds 11% of Australia’s installed wind capacity.
The Canadian pension is targeting a C$40bn infrastructure portfolio within five years, after adding C$400m in assets from March to June this year.