staging
Panellists debated whether foreign investment in infrastructure posed credible security risks or whether governments were exaggerating the threats.
Jim Yong Kim_GIP
In his first interview since leaving the World Bank, Jim Yong Kim said private investors needed to stop thinking of emerging markets as a โ€˜single risk poolโ€™.
Standardisation may still be a work in progress but fund managers are already seeing positive outcomes from ESG initiatives, both in terms of social benefits and financial returns.
The consortium, which also includes Swiss Life, purchased the stake from Macquarie for an undisclosed sum. QIC will hold part of its stake in its global infrastructure fund.
Directors Michael Thompson, Quentin Law and David Stegehuis have all left after the fund manager took a dim view on future dealflow in the Australian infrastructure market, particularly in energy generation.
II Berlin Summit 2019
Check out the highlights from our first day interview with GIP vice chairman and former World Bank president Jim Yong Kim, as well as our ESG and Emerging Markets forums.
The government of Ontario is seeking to export the Canadian provinceโ€™s public-private partnership model to new markets through legislation that would allow its infrastructure agency to launch a for-profit project consultancy business. Monte McNaught, Ontarioโ€™s minister of infrastructure, said that allowing Infrastructure Ontario to advise on projects outside the province would create a new revenue [โ€ฆ]
Fiera Infrastructure is to assemble an investment team of about four people in New York this year as it plans to expand its activities in the US. Alina Osorio, Fieraโ€™s president, said the Toronto-based fund manager had hired Brooks Kaufman, who was previously an investment director at Australian firm IFM Investors, to head the new [โ€ฆ]
The Sydney-based fund manager said the venue in Western Australia has the characteristics of an infrastructure asset, with โ€˜secure and predictableโ€™ revenues.
German autobahn near Munich
The vehicle, which is ACPโ€™s first since its January 2018 merger with Allianz Global Investors, will invest in European infrastructure.
The deal will allow Oaktree to operate independently, though Brookfield intends to build up its stake.
Itโ€™s Global Summit time again, as more than 2,000 attendees get ready to descend on the Hilton Berlin.
EQT Partners has held the final close on its fourth infrastructure fund after collecting โ‚ฌ9 billion in commitments during six months of fundraising. The Swedish firm announced on 12 March that its EQT Infrastructure IV had exceeded its โ‚ฌ7.5 billion fundraising target after launching last September. EQT has already invested 10 percent of the fund [โ€ฆ]
William McGlashan, TPG
The leader of TPGโ€™s The Rise Fund, the most prominent impact investor in the industry, has been charged over his alleged role in a college admissions bribery and money laundering scam. The fallout could be significant.
The asset management division of Swiss investment bank UBS has named Joe Azelby as the new head of its $100 billion real estate and private markets business. Azelby will report to Ulrich Koerner, president of UBS Asset Management, according to a statement from the company. He brings with him an almost two-decade track record of [โ€ฆ]
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