LPAs usually contain a clause for removal of the fund manager, either 'for cause' or 'no fault.' Malcolm Nicholls and Kate Simpson, of law firm Proskauer, lay out the negotiation points and the likely effect on economics.
With 60% of GIO II already invested, the insurance group is looking to fully deploy the vehicle within the next year and build a portfolio of 10 to 12 assets.
The $351bn pension fund’s results in the asset class exceeded the benchmark by 14.16 percentage points.
The fund has already invested €117m across seven assets and received significant backing from Finnish investors.
India’s GVK moves the $2.3bn greenfield development, initially approved in 2007, to the construction phase.
The Granville Wind Farm commitment is CEFC’s largest Tasmanian investment to date and the fourth asset owned by the Palisade Renewable Energy Fund.
Tax is not on the ESG agenda; maybe it should be
Global clean energy investments are down 1% in the first half of 2018 compared to last year, but the second quarter actually saw 8% more investment.
The Global Energy and Power Infrastructure Fund III has a $3.5bn target and is the first launched by the former First Reserve team following its acquisition.
QIC Global Infrastructure co-founder Matina Papathanasiou argues diversity goes beyond gender, but meaningful representation in line roles is key.
Having deployed roughly 75% of its maiden fund, the UK-based mid-market asset manager has returned to the market, seeking €600m for its sophomore vehicle.
The world’s largest pension pledges to keep building its alternatives portfolio – mostly made up of infrastructure at the moment – at a ‘stable pace’, as it eyes a 5% target.
The firm expects its third infrastructure vehicle to raise about $7bn later this year, boosting management fees from the asset class by $80m.
Acting chief investment officer Cho In-sik has said he will quit the National Pension Service of Korea, amid a second round of recruitment for its CIO.
CIO Armin Sandhoevel expects healthy growth in US onshore wind and solar, as it eyes opportunities in other countries in the region.