In a sign that the private equity firm is placing increased focus on the asset class, AXA Private Equity could double its infrastructure assets under management with its latest fundraise.
Why investors in infrastructure need to take a leap of faith.
Senior figures from the fund of funds industry say that consolidation in the sector is inevitable.
UK PPP arbiter Chris Bolt has set the final cost for the upgrade of London’s underground rail at £4.46bn over the next seven-and-a-half years - £460m more than the London authorities are willing to pay. Mayor Boris Johnson threatens legal action against the arbiter.
Concessionaires are expected to agree to channel refinancing gains to help mitigate the increased availability payments they will receive from roads agency Estradas de Portugal.
In the March 2010 issue of Infrastructure Investor magazine, Alinda Capital Partners’ managing partner Christopher Beale claims that the bubble years were effectively a 'laboratory experiment' for infrastructure investment. When GPs misplaced the fundamentals of sound investing, the experiment went wrong.
The Scandinavian country’s first rail PPP, worth €660m, is moving forward with the Finnish rail authority having appointed legal and financial advisers for the project earlier this month. Initial offers are expected in September this year.
David Snow explains why he will defeat Philip Borel in the Marathon of Marathons.
In a recent interview, Citadel Capital founder and chairman Ahmed Heikal told Infrastructure Investor why he has so much confidence in East Africa that he is prepared to invest up to $400m in the region over the next couple of years.
Arcus European Infrastructure Fund, RREEF and Peel Ports have attempted to acquire UK ports operator Forth Ports for £612m. But Forth Ports has rejected the offer, saying it undervalues its business. The consortium is considering a higher bid with Peel Group mulling the sale of a stake in its airports business to help shore up any future bid.
Jeff Kendrew has joined Brookfield Asset Management as chief development officer of its infrastructure unit. He was previously managing director and chief executive of Australian infrastructure fund Prime Infrastructure.
Swedish construction firm Skanska has sold a stake in a Norwegian road PPP to two of its employee pension funds. The company expects to book a capital gain of €14m from the sale.
The Spanish company said in a recent statement that it is prepared to lose its concessions in Argentina and Bolivia, which account for some 2% of the company’s revenues, as political risk mounts. However, this is just a precautionary measure, a spokesman said.
Opinions and data can often tell a different story in the infrastructure asset class.
Boasting $4bn in total, Alinda Capital Partners’ latest fundraising effort drew $2.5bn of support during the toughest 12 months for raising capital in living memory. Alinda managing partner Christopher Beale looks back on events in conversation with Andy Thomson.