Goldman and Lexington have reportedly been beneficiaries of the secondaries-focused mandate.
A survey of European investors in infrastructure by placement agent Probitas Partners has discovered a preference for independent, global funds and ten-year fund durations. It also found that most European limited partners have dedicated allocations for infrastructure.
Russia’s €5.5bn Nord Stream Gas Pipeline has topped InfrastructureInvestor Assets’ projects league table for the second quarter of the year. It is the second gas project in a row to top the list, which was headed in the first quarter by Papua New Guinea’s $18.3bn liquefied natural gas development.
The InfrastructureInvestor Assets global league tables for the second quarter of this year show a recovery in the availability of bank debt is gathering pace, with BNP Paribas at the head of the pack.
The Canadian pension has offered to take over the toll road operator – a spin-off from Macquarie Infrastructure Group – for A$5bn. Intoll holds two mature roads including Canada’s 407 ETR. It is CPPIB’s second bid for an Australian-listed toll road operator this year after it failed to acquire Transurban.
Inflation hedging is a key driver of infrastructure’s fundraising revival.
The government has launched the tender for the Rio-São Paulo high-speed rail line, set to cost around $18bn. Interested parties have been asked to deliver their proposals by November 29 with the winner to be determined at an auction held on December 16 at the São Paulo Stock Exchange.
The global asset management and advisory firm aims to ramp up direct investments in Latin America, including clean energy infrastructure deals.
Moser, formerly co-chair of Fulbright & Jaworski’s global infrastructure group, has joined rival law firm Bingham McCutchen as a partner in its New York office. He will join Bingham’s energy and project finance group as part of the firm’s strategy of expanding its project finance practice.
Susan Flynn has left her role as co-CIO at fund of funds Hermes GPE. Flynn, who worked alongside Peter Gale, led the firm's secondaries and infrastructure activities.
Almost €25bn worth of transport PPPs and concessions are in the final planning or tendering stages in France, according to a new report. Furthermore, another €32bn of such projects is planned to be launched between 2012 and 2020.
Financial services firm Towers Watson said following a recent report regarding pension fund investments in alternative asset classes that investors should pay ‘careful attention to the net of fees proposition, in particular for infrastructure’.
Envirogen Technologies, a US investment business owned by Amplio Group, the London-based renewable energy investor and operator, has raised $50m in equity financing for a pipeline of design, build, operate (DBO) projects in the environmental treatment sector.
Two of Eaton Partners’ former European fundraisers have set up London-based placement agent Threadmark.
Of the $179bn of assets managed last year by the world’s top 50 infrastructure funds, $109bn - or about 61% - correspond to mandates on behalf of pension funds, reports a survey by Towers Watson and the Financial Times. Macquarie manages the largest amount of pension assets of all alternative asset class managers, at $52bn.