The two industry superfunds, which both have significant infrastructure commitments, hope to increase returns and lower fees for members.
The guidelines for best practice incorporate several key issues for limited partners, including GP-led secondaries, subscription credit lines and co-investments.
The state-backed entity will commit up to A$100m for investments through Warada Capital, which will also be ‘actively seeking’ funds from other institutional investors.
Institutions recognise the need for climate investing but not necessarily the scale required, says Climate Fund Managers CEO Andrew Johnstone.
Solar panels in the state can continue to be installed by trained labourers instead of licensed electricians as state regulations introduced in May would have required.
Fund manager’s co-founder says the Gemini project – one of three procured by Nevada’s largest utility, NV Energy – will be among the biggest in the world.
Barrister Hugo Keith QC says the US government's case is politically motivated due to the threat Abraaj Group and Arif Naqvi represent to US interests.
The fund manager will look to attract institutional capital to invest in the new company, while its management team will hold a ‘significant minority stake,’ a source said.
A pension fund investment in a UK motorway service station operator underlines the aggressive pricing practices that might be turning investors off more traditional infrastructure.
UK water company showed ‘scant regard for its responsibilities to society and the environment’, according to Ofwat.
The Miami-based firm has realised more than $2.8bn from the exits of three platform companies formed through its first infrastructure fund.
Going direct is well-suited to infrastructure. But anyone looking to do it will have to tackle tough questions around compensation and transparency.
An average 3% fall in revenues is expected from March next year as operational costs rise.
Industry Super Australia said that its members ‘stand ready to help’ with the transition to renewable energy but called on the government to do more to help create the right conditions for investment.
CIO Angela Miller-May explains why being 52.1% short of its total funding doesn’t stop the Chicago Teachers’ Pension Fund from prioritising investing with diverse managers.