Vehicle’s managers to make direct, primary and secondary investments in western Europe and North America, targeting returns of 6%-8%.
Shareholders in TransAlta Corporation have backed its management by electing its preferred board of directors. The vote took place after an investor brought a legal challenge to the company’s C$750 million ($557.5 million; €838.8 million) deal with Brookfield Asset Management. TransAlta, one of Canada’s largest power producers, issued a statement on 26 April in which […]
European secondaries specialist Ardian will act as anchor investor and offer current partners the opportunity to become LPs alongside it, a source said.
With nearly $20bn raised in Q1, expect 2019 to be another record-breaking year for infrastructure fundraising.
The UK has for many years been heralded as a treasure trove of investable infrastructure assets. Core infrastructure equity has been generating double-digit internal rates of return and, according to ratings agency Moody’s, there has only been one instance over a 34-year period of an A-rated UK infrastructure bond defaulting, compared with 10 in the […]
Samuel Leupold joins Green Investment Group after five years at the helm of the Danish firm, which he left in February 2018.
US power producer Duke Energy has sold a minority stake in its renewables portfolio to an infrastructure fund owned by Canadian insurance giant Manulife Finance Corporation. According to a statement released by Duke, John Hancock Investments, Manulife’s US capital management division, purchased a 49 percent stake in 37 operating wind, solar and battery storage assets […]
Latest study by EDHECinfra and the GI Hub shows 80% of investors want to increase their allocation to the asset class, but are doing so ‘without a compass’.
For all those who wondered if consolidation would reach the upper echelons of alternative asset management, Brookfield Asset Management’s purchase of Oaktree Capital Management is your answer. The spate of M&As in the alternative asset space had largely been limited to smaller money managers, including the business development company sector, a space in which Oaktree […]
Oaktree’s co-founder Howard Marks insists his firm’s $4.7 billion sale of a 62 percent stake to Toronto-based asset management giant Brookfield is “not a timing thing” in the context of him calling the top of the alternatives market cycle. On the other hand, speak to Bruce Flatt, Brookfield’s chief executive, and you’ll hear that timing […]
It’s all in the timing – or is it? We speak with Howard Marks and Bruce Flatt about the deal that has got everyone talking.
The City of Chicago treasurer on why he took a stand on ESG and what he considers the biggest threat to private equity as we know it.
Administration’s third solicitation is smaller than the previous two, which awarded $2.9bn in contracts and resulted in $7bn of investment in clean energy.
Backed by Chubu Electric, Toyota, Mizuho Bank and Sumitomo Mitsui Banking Corporation, the new fund exceeded its original ¥30bn target and has already invested in a solar project in Japan.
With the government missing in action this week, industry leaders were left to talk among themselves on what’s next for private finance