GIP closed the largest-ever unlisted infrastructure vehicle on $15.8bn, thus foreshadowing the following year’s record fundraising.
The partnership has secured $100m from a Korean investment bank and will seek to raise an additional $100m from North American investors.
Google has trained its sights on the asset class through its new venture, underscoring the need for traditional players to ‘tech up’.
The relatively lacklustre $49.5bn raised through the end of the third quarter is set to be overshadowed by the $40bn raised by GIP and Brookfield's latest flagships, putting 2019 on course to be a major fundraising year.
The Australian government’s decision to block two Chinese bids for Ausgrid drew a line in the sand for the land Down Under.
Swiss Life Asset Managers’ Frank Heiss will be based in Frankfurt and will be responsible for deal origination in Germany, Austria, Switzerland and the Nordics.
A significant portion of the capital is part of an expanded secondaries-focused mandate with Canadian pension fund CDPQ.
Having ‘emerged’ in 2015, infrastructure’s mid-market is now thriving. But this brings its own challenges.
The greenhouses will be heated by waste heat from nearby water treatment facilities and result in a 75% carbon footprint reduction.
Mexico’s 2014 energy reforms were historic, but the aftermath demonstrated the hand of politics in infrastructure.
The European renewables subsidy flip-flops earlier in the decade foreshadowed a market transition that is now playing out in full.
The regulator also said underspending was a factor in the high performance of electricity transmission and gas distribution companies.
Top executives including Howard Marks and James Zelter expressed concern at last week's PDI Forum about political change and the risk of private equity being ‘squashed’.
CalSTRS’ $500m commitment to IFM Investors was 2012’s largest allocation to an infra vehicle and offered a taste of the fundraising heights to come.
The country's competition watchdog has come out strongly against a decision to remove it as the Port of Newcastle’s regulator, sounding caution about monopoly assets having ‘unfettered market power’.