staging
The US needs up to $1trn to plug its water gap over the next 30 years, but so far private sector participation has been scant.
Beijing is also pledging โ‚ฌ2bn of financings through China Development Bank to the region, in addition to the fund.
The firmโ€™s inaugural open-ended infrastructure fund, which could raise as much as $15bn by year end, is expecting to reach a โ€˜mortal sizeโ€™ first close in the coming months.
The firm has teamed with R/GA on an initiative to boost companies offering innovative products in the transport, energy and utility space.
The AP Moller Capital vehicle has teamed up with UK DFI CDC to place an offer worth $380m for Zambian utility Copperbelt Energy.
Guillermo Marroquin, whose responsibilities involved marketing ag funds at the Australian firm, will lead real assets efforts in North America at the placement agent.
The multilateral believes a portfolio approach would help create a pipeline of bankable projects in Southeast Asia.
Infrastructure is outperforming private equity and real estate for PensionDanmark, PKA and Industriens Pension, which have a combined AUM of more than โ‚ฌ89bn.
Market participants respond to the presidentโ€™s call for $1.5trn of infrastructure investment using federal, state and local partnerships, and private investment โ€“ โ€˜where appropriateโ€™.
After a slowdown in projects, liquified natural gas supply is expected to outpace demand in around 2022, though battery storage may pose a threat to the sector.
The 25-year vehicle is targeting ยฃ500m with a ยฃ750m hard-cap and is aiming for a gross IRR of between 6.5% and 7.5%. In addition, the firm has completed a landmark refinancing for a 64MW portfolio of subsidy-free Italian projects.
Treasurer Scott Morrison says all future applications will 'attract conditions' as the government moves to strengthen its control over deals for critical infrastructure.
Macquarie offices
Macquarie European Infrastructure II has recently entered its exit period, selling stakes in a UK car parking firm and a French motorway operator.
A survey of over 200 infrastructure industry representatives by EDHECInfra shows what information they are seeking to make better informed investment decisions.
Roderick Gadsby, hired from Stormharbour, will serve as a managing director in Northleafโ€™s London office.
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