A less-heralded US bill called SAFETEA-LU is of crucial importance for investors, but after $100 billion in stimulus spending, will lawmakers be in the mood for innovative approaches to infrastructure financing, asks Cezary Podkul.
A new public relations effort to promote private infrastructure investment in the US is making the right message at the right time, writes Cezary Podkul.
Unpredictable capital flows and managers often relying on minority stakes are two reasons why the banking giant’s private equity group will only increase exposure to emerging markets private equity at ‘a measured pace’.
Stephen Harris, a public procurement expert at UK consultancy Tribal Group, explains the difference between PPPs, concessions and privatisations.
Just as LBO firms are invading infrastructure, established infrastructure players are invading the emerging markets, writes Cezary Podkul.
A continuing bear market could leave the London-listed buyout group with net debt to equity levels of more than 70%, according to analysts at Morgan Stanley.
Will 2009 be the year the US takes a cue from Spain in financing its infrastructure, asks Cezary Podkul.
Though there is €50 billion of equity ready to be deployed in European real estate this year, the amount has fallen by three quarters from 2007, according to Jones Lang LaSalle.
As the industry steels itself against a potential regulatory backlash in Europe, certain members of the European Parliament, including Poul Nyrup Rasmussen, have railed against the pro-private equity stance of the internal markets commissioner.
The Paris-headquartered private equity firm has opened two new locations this year on the heels of closing its €1.6bn Fund IV. The Vienna-based team mainly look for corporate takeover opportunities, but will also source growth capital, mezzanine, infrastructure and co-investment deals.
Cities that lease out their infrastructure can swap out one ongoing source of cash for another, as evidenced by the City of Chicago, reports Cezary Podkul.
As part of its global efficiency drive, the firm’s entire Chinese investment team will be based in Beijing.
Former TCW president William Sonneborn has been named head of KKR Asset Management as well as chief executive of NYSE-listed KKR Financial, which is one of the largest lenders to Sam Zell’s now-bankrupt Tribune.
A JPMorgan Cazenove analyst has said the listed buyout group needs to divest to de-leverage and resist the temptation to make any new investments.
Cezary Podkul explores some of the reasons why LPs are so willing to open up their wallets to GPs in the energy sector.