.jpg?id=12885342822 "Bfinance: infrastructure enters ‘dramatically different era’")
Increased sophistication in the asset class among investors has led to questions about bids for assets and the adoption of greater risk appetites.
The Canadian pension manager now holds C$18.9bn in infrastructure, as total assets grew to C$180.5bn.
The firm closed its second infrastructure fund on C$950m in January.
Eddie O’Connor will be replaced by the group COO Andy Kinsella.
.jpg?id=19327381295 "Are LPs getting their way on fund terms?")
With the possible exception of hurdle rates, LPs can count victories on management fees, carry and the growing number of bespoke structures being employed.
Some $80m of commitments have begun to roll in from UK and US pension funds for the vehicle.
Brexit will have implications for loan-originating fund structures but they may not be too dramatic, according to Patricia Volhard of Debevoise.
The placement agent’s 2017 survey saw a majority of institutional investors keeping their infra exposure flat.
The multilateral will back 11 solar projects with 490MW aggregate capacity in Egypt’s Benban solar park.
The government has turned to the private sector to back 38 projects in drinking water, sanitation, dams and irrigation.
Airport operator ADP and telecoms firm Orange have also been slated for possible government sell-offs.
The entity will work alongside Crown Infrastructure Partners, a $434m government fund to promote private investments in the country’s infrastructure.
Singapore-based Equis is also developing Taiwan’s largest solar farm with a capacity of 70.2MW.
The €300 million project was put on hold last week following protests in the local area.
The firm has bought a UK school that teaches autistic children from a Rothschild-owned private equity firm.