The troubles at the Middle East’s biggest private equity firm are relevant to investors in any private asset class.
The New York-based firm funded 60% of the deal for natural gas services company Discovery Midstream, while Williams Partners contributed 40%.
Heavyweight Australian investors back a new workplace diversity initiative as LPs admit the issue is a factor in their investment decision-making.
The UK government wants institutional capital to finance its next generation of plants, although the proposal has raised some eyebrows. Zak Bentley finds out how this might be done
Tampnet, bought by 3i Infrastructure and ATP, was also partly owned by EQT’s second fund, which has now sold four of its 11 assets.
The 20% share in Suez Water Resources has been sold to pay down the parent company’s debt following its acquisition of GE Water last year.
Senior director Ram Kumar’s mid-July departure follows the exits of director Guido Mitrani in March and global co-head Jesus Olmos in April.
The Los Angeles-based firm has stopped fundraising for an energy infrastructure vehicle and disclosed that its Highstar Fund IV is underperforming.
The government uses development bank KfW to buy 20% of the transmission system operator to prevent the state-backed firm taking a stake in the country’s ‘critical energy infrastructure’.
The new fund has a target IRR of 5% and already owns a portfolio of 12 assets purchased from a previously liquidated SPARX fund.
Clean Energy Finance Corporation makes $112m commitment to the new closed-ended fund that will target ‘high-growth’ assets.
One investor said the original rate was ‘just not a standard hurdle’, as we take a closer look at the $5bn first close, one of the industry’s largest first closes for a debut fund.
The appointment is the firm’s 10th this year and comes as it seeks institutional capital for a 2GW battery programme.
The pension could one day acquire a fund or specialist manager in the infrastructure, agriculture or timber sectors, although it has no imminent plans to do so.
The alternative real estate sector has seen a flood of new entrants and increased supply.