Pantheon Ventures has a shiny new management structure backing its $4bn in dry powder. PEI catches up with one of the world’s largest fund of funds managers.
Private capital in Egypt looks set to have a more important role to play after the Parliament passed a bill allowing private participation in public projects. The government also announced the setting up of 21 investment zones to be operated by private players.
The Australian fund manager is reported to be aiming to raise its funds under management over the next two years from A$2bn to $A8bn.
The Canadian transportation firm has bagged the contract to build, supply, operate and maintain a MONORAIL system in Riyadh, Kingdom of Saudi Arabia. The project is scheduled to complete in 2012 has an estimated total value of $241m.
The Austrian construction company has released results for the first quarter of 2010 showing a double-digit revenue decline on the back of a ‘long and hard winter’ but improving EBIT and EBITDA figures.
A consortium including the German developer has won the contract to build a new prison facility in Victoria, Australia. The project is the first Victorian public-private partnership to be awarded under new Australian PPP guidelines.
The two infrastructure funds and the port operator have cited economic uncertainty and the difficulty in valuing the target’s assets as the reasons for declining to pursue a takeover of the Scottish ports owner. The consortium, which owns a combined 27.4% stake in Forth, had seen three offers rejected.
The $200bn fund has completed its purchase of landmark building, the Sony Center, on Berlin’s famous Potsdamer Platz road, from Morgan Stanley Real Estate Investing.
S&P has cut the Portuguese toll road operator’s credit rating to BBB- on the back of revised economic prospects for Portugal. Brisa has reacted to the downgrade, accusing the ratings agency of not giving it enough time to adapt to changed liquidity criteria and saying the cut doesn’t reflect its credit strength.
Our inaugural ranking of the 30 largest infrastructure investors in the world, The Infrastructure Investor 30, shows that private firms are making some progress toward meeting the world’s infrastructure spending needs. And investment banks are leading the charge.
The Tokyo-based real estate investment and asset management firm has created a private equity real estate fund targeting offices and other commercial properties in Japan on behalf of Korean investors.
The fund, sponsored by a number of European and North African banks, has reached first close on €385m. InfraMed is targeting €1bn to invest primarily in greenfield infrastructure in the southern and eastern Mediterranean region.
Italian infrastructure fund F2i has teamed up with local utility Iride for a takeover bid for Genoese water company MdA. Following the takeover, the partners will consolidate MdA and stakes in other water utilities in a special purpose vehicle, in which F2i plans to hold a share of up to 40%.
The Conservative-Liberal Democrat coalition government has officially set in motion its plan to abolish the Infrastructure Planning Commission, an organisation that was launched by the previous, Labour government last year with the aim of speeding up planning approval for large infrastructure projects considered to be of national importance.
Hugh Daniel, founding partner and former joint chief executive of UK-based project finance consultancy Operis, passed away suddenly last Saturday.