staging
Montreal-based fund manager Axium Infrastructure received a $125 million commitment to its US-focused vehicle from the Ohio Police and Fire Pension Fund. OP&F is expanding its $283 million real assets portfolio with the commitment to Axium Infrastructure US Fund, which the firm will use to invest in energy, transportation and social infrastructure assets, according to [โ€ฆ]
The troubled firm's large portfolio includes more than 14,000 kilometers of roads, wind energy and solar plants and maritime and logistic assets.
The โ‚ฌ23bn Danish pension's director of private investments, Kasper Struve, is comfortable with such investments so long as they pass the โ€˜infrastructure testโ€™.
The New Mexico State Investment Council has approved a $100 million commitment to BlackRockโ€™s Global Energy and Power Infrastructure Fund III, according to a spokesman for the state endowment. Documents from NMSICโ€™s board meeting this week show GEPIF III had raised $2.1 billion before the endowmentโ€™s commitment. The fund is a continuation of an energy [โ€ฆ]
The fund is targeting โ‚ฌ7.5bn and has set a hard-cap of โ‚ฌ9bn, more than double the โ‚ฌ4bn raised for Fund III in 2017.
Macquarie offices
The North Dakota State Investment Board is committing $140 million to Macquarie Infrastructure and Real Assetsโ€™ fourth flagship fund, according to documents made public before the pension managerโ€™s upcoming board meeting. NDSIBโ€™s first commitment to MIRAโ€™s infrastructure programme is meant to diversify the pension systemโ€™s infrastructure portfolio. โ€œJPMorgan is managing approximately $407.6 million in infrastructure [โ€ฆ]
The Swiss group is expecting a December close of about โ‚ฌ1bn for its second infrastructure debt fund, having so far made one investment.
The $67bn Australian superannuation fund has pursued a hybrid investment strategy since appointing Mark Hector as portfolio manager in 2014. After deploying its largest equity cheque, we find out what the future holds.
The risks of sharing a blind pool where the sovereign wealth fund plays such an outsized role are being thrown into sharp relief.
The investment programme comes six months after the pair moved to take CityFibre private in a $694.5m deal.
Private equity managers and their LPs could stand to lose from government intervention on foreign direct investment.
ATP said that its $6.7bn TDC acquisition is safe, but further involvement with the group is paused pending questions they โ€˜need to have answeredโ€™ amid claims of dividend trading, denied by Macquarie.
The British pension will invest more than $320m in large-scale solar and smaller onshore wind assets.
A survey of 33 global investors is a โ€˜canary in the mine shaftโ€™ for investor confidence in the Australian infrastructure market.
Airplane
GIPโ€™s 42% stake in Londonโ€™s second-largest airport could be worth nearly $4bn.
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