The Bayonne and Middletown water concessions were sold to Argo Infrastructure Partners for a combined $170m, generating a 2.8x and 3.3x gross money multiple, respectively.
The sale has netted Partners Group a 3.2x blended gross return following a $250m investment in 2014. It had invested in the Japanese platform alongside Equis Energy. The Swiss firm divested its stake in Japan Solar to a consortium led by Global Infrastructure Partners.
Islamic finance has been rapidly growing, but Muslim-majority countries are still facing some of the world’s worst infrastructure shortfalls.
The ViaExpresso and ViaLitoral concession buys continue the firm’s recent Iberian ramp-up.
The insurance industry watchdog is trying to stop overleveraging in local governments.
The pair are aiming to catalyse private sector investment following Shariah-compliant principles with the first-of-its-kind vehicle.
The industry, which had braced for tariffs of up to 40%, will benefit from added certainly despite the tariff’s negative impact.
The fund will focus on projects in Germany and other countries in Western Europe with a comparable regulatory system and seek to generate net returns of at about 4%, although returns can reach up to at least 8% through investment in a sub-fund involving more leverage. Agloria and Universal Investment are looking to avoid projects that ‘frequently miss the forecasted results’.
Industry veteran Joel Moser takes a dim view on the Trump administration’s recently leaked infrastructure plan.
S&P expects that some of the world’s most intensive investments in infrastructure will happen in countries in south and Southeast Asia.
The 27MW project is the group’s fourth such asset in Italy, where it is also one of the largest solar owners.
The Canadian pension has bought a 6.3% share in ReNew Power, and further investment in the company is expected. Last autumn, in a filing with the Competition Commission of India, CPPIB reported that it plans to buy a 16.3% stake in ReNew Power through investments of up to $350m.
The six-page document also details several measures to boost funding for transportation projects, which could pave the way for increased private sector participation.
Global Infrastructure co-founder Matina Papathanasiou talks about the manager’s audacious first fund, its forward-looking approach and why infrastructure is losing out by not employing more women.
As one of the world’s fastest-growing markets in the sector, the country expects to beat the 2020 deadline for its 175GW national renewables target.