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News & Analysis

The Middle Kingdom is set to play a growing role in the South Asian countryโ€™s energy fortunes after the $1.8bn acquisition of a major utility by Shanghai Electric Power last October.
The investment manager has bought majority stakes in the first two PPPs procured in Aruba through its InfraRed Infrastructure III Fund, which it reported as 95 percent invested in December.
The team, which also includes FCC and Acciona, will be tasked with building one of the largest infrastructure projects in Latin America.
The US public pension has backed energy- and transport-focused funds.
The UK investment manager now has 15 partners on its books following a 28% AUM growth last year to ยฃ2.3bn.
The โ‚ฌ150m transaction, which comes two years after Amundi Transition Energรฉtique was launched, is likely to be followed by investments in renewables and energy efficiency projects.
Thirteen infrastructure and energy-focused vehicles were established in the last quarter, which was otherwise a slower period on the fund closing front.
Former head of sales Ike Bae will take over as head of the firmโ€™s operations in Korea.
The country plans to spend $115bn on railway investment this year in a bid to grow the network to 150,000km by 2020.
A pair of renewable firms from the US and Japan have locked down financing for a smaller project as they look to build 1GW of green energy capacity in the Asian country.
The emerging markets firm has yet to hold a first close on the vehicle, which is backed by the likes of New York's TRS and Texas' ERS.
The second phase of the nine-mile subway extension has secured a total of $2.4bn to finance its construction.
North Africa, the US and Latin America likely to be in the spotlight as the law firm boosts its senior contingent.
The new, UCITS-compliant vehicle will provide overseas institutions with tax-efficient access to the North American pipeline market.
Buyout firm Ciclad and the holdings of a French entrepreneur have also acquired the rights to run the port of Rouen, reportedly trumping a rival offer by Eiffage.
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