staging
The CI New Markets fund, launched earlier this year and attracting European investors from Scandinavia, Germany and Austria, is the Danish firm's first to target emerging markets.
Australian fund manager ICG took ownership of Tas Gas and other utility businesses operated by Enwave in a A$420m deal.
An investor at this weekโ€™s New York Summit said LPs are wise to โ€˜lock up contractual incomeโ€™ as foreign institutions seek access to the US market.
Allianz beat the Europe-focused fundโ€™s target size in October and for a second time at final close.
Two insurance giants โ€“ Dai-ichi Life and Nippon Life โ€“ have broadened their infrastructure debt scope from anchor investments in funds to making direct structured loans.
The industry needs to take pole position and have zero tolerance for slip-ups if it doesnโ€™t want to end up as a rule-taker.
Global Renewable Power III, which has so far garnered funds mostly from Europe, will begin deployment next year.
Vietnam
However, experts agree country is set to play a major role in the development of renewables across Asia-Pacific.
The firm has already made its first investment, acquiring a 44% stake in Germanyโ€™s A8 motorway from InfraVia and Egis.
Troy Rieck, the superfundโ€™s newly appointed CIO, talks fees, an increase in co-investments and debt commitments, and why he โ€˜doesnโ€™t careโ€™ about the definition of infra โ€“ as long as itโ€™s a good investment.
Sydney Metro NSW Australia
The change in ownership comes as the PPP consortium reached contractual close with the NSW state government on an extension of the project.
Fees percentage
Private equity fees โ€“ both in terms of size and transparency โ€“ are becoming more of a bugbear for investors, according to PEI's upcoming LP Perspectives 2020 report.
Ratings and evaluations are being used to help managers raise money and land favourable loan terms. But the systems used to measure ESG have failings that cannot be ignored.
The Silvertown Tunnel project was pursued by Transport for London, rather than the UKโ€™s central government, which last year abolished PPPs.
Port of Newcastleโ€™s private equity owners face challenges on two fronts as the ACCC appeals a decision over access charging and a port customer files a lawsuit over misuse of market power.
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