The firm will open the ‘under-utilised’ portfolio of 10,000 telecom towers to third-parties as it moves to tap into the ‘fifth fastest-growing’ mobile data space in the world.
The vehicle has already made six investments in infrastructure managers from Europe, the US and Australia, equivalent to around 25% of capital raised.
The company’s CEO says changes to market conditions in the country prompted the $84m move for the 55.9MW facility in New South Wales.
The average bid prices for the projects to be built by 2025 are less than half this year’s feed-in tariff for offshore wind projects.
A local bid for Australia’s largest natural gas pipeline company would face fewer regulatory hurdles than the current $9.8bn offer from Hong Kong’s CK Infrastructure. But the size of the equity cheque required is proving daunting for local investors and GPs.
Peter Durante’s newly-created role will see MIRA ‘look beyond convention’ in applying technology to existing and future assets.
The country, one of the fastest-growing economies in Asia, is facing an infrastructure bottleneck with no new PPP projects signed since 2011.
Maintaining a good track record, resisting style drift and choosing the right partners are usually the boxes ticked to mitigate reputational risk. But with the rise of the #MeToo movement, industry stakeholders need to expand their horizons.
The firm sees a growing opportunity set in infrastructure across both primary fundraising and secondary transactions.
The French fund manager wants greater access to institutional investors in the region as well as closer proximity to investment opportunities.
The world’s fourth largest wind market is looking to have 5GW of offshore wind installed in the next five years, on top of its 60GW onshore target by 2022.
As the firm appoints liquidators, founder Arif Naqvi says he is hopeful the fund management business will live on under new owners.
Right now, the 'One Belt One Road' initiative is mostly benefitting Chinese investors. Whether it will seed a bigger boom, capable of attracting a substantial amount of non-Chinese private capital is an open question. Nia Tam investigates.
The renewables- and impact-focused investment firm has added former Threadmark executive Andrew Harris to its business development team.
Matt Whineray, who has been with the vehicle since 2008, will take the helm of the $26.3 billion fund on 1 July.