The use of credit facilities to delay capital calls is now widespread in private equity. What is at risk? And what can infrastructure learn from it?
Teaming up yet again for a European motorway project, the two French firms have secured the support of five development and commercial banks.
The idea is to turn the private sector into a long-term financing source to fund the country’s massive $1.5trn infrastructure gap, as commercial banks struggle with stressed assets on their balance sheet.
The German asset manager invested over €120m in the project last December, exiting to a Japanese institution in less than four months’ time.
The British investor makes a key hire.
Hastings is calling the monopoly business ‘a new asset class’ underpinned by stable cashflows, defensive characteristics and a long-term investment horizon.
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There’s political consensus that US infrastructure needs significant investment, and privatisation is one way to accomplish this, the Blackstone Group’s chief executive said.
A week after financing a port terminal in Florida, the New York-based firm agreed to provide a credit facility to a business installing energy efficient lighting systems.
The year-on-year drop in commitments is largely the result of a slowdown in investment in the US and China, according to Bloomberg New Energy Finance.
Anne Stewart joins the Vancouver real assets investor having worked on a range of projects including the Sea to Sky Highway, A25 and A30 highways and the Champlain Bridge in Quebec.
The law must overcome two decades of anti-business policies, the agency notes in a fresh report, as the country’s president looks to add $70bn in infrastructure and energy investment.
The Melbourne-based fund will also conduct a review of its A$100m private equity programme following a labour practices scandal concerning some portfolio companies.
Japan’s prolonged low growth/low yield environment has pushed investors to look for higher yields from real asset investments, according to AMP Capital.
The biggest pension fund in the US is consolidating real asset investments.
The Montreal-based firm bought into a portfolio of eight US projects, totalling nearly 800MW, from DE Shaw Renewable Investments and others.