The Arab Financing Facility aims to raise up to $1bn to focus on regional infrastructure and public-private partnerships across the Arab countries. The fund is being backed by the World Bank, the IFC and the Islamic Development Bank.
The four operational projects, part of the UK’s project finance initiative, were bought through the fund’s first offer agreement with developer John Laing. The fund expects to be able to tap into £300m of acquisition opportunities from John Laing over the next three years.
The Australian fund manager has raised €241m at first closing for an infrastructure debt fund which is targeting opportunities in OECD countries. The vehicle, which has a final target of €500m, is one of a clutch of infrastructure debt funds launched to boost financing options for the asset class.
Dexia Credit Local, the French arm of European bank Dexia, has hired Terry Sanabria in New York to lead its distribution of project and infrastructure financings.
International Public Partnerships, the UK-based listed infrastructure fund, has acquired stakes in nine UK private finance initiative deals for close to £11m. The fund, which raised £100m last year, is considering ‘some fundraising toward the end of the year,’ said director Giles Frost.
The New York-based adviser on energy, industrial and resources infrastructure deals, has launched in Europe with a new Zurich office. Energy M&A veteran Damien Sauer heads the office, while former Allianz Capital Partners boss Thomas Putter is one of two new advisers to the firm.
The UK government has green-lighted three highways maintenance project finance initiative projects in Sheffield, Hounslow and the Isle of Wight. It has also cleared a tram project in Nottingham, which has announced its preferred bidder today, after achieving savings of 21% on the four deals.
PensionDanmark and PKA have together acquired 50% of Anholt, Denmark’s largest wind farm, from Danish energy group DONG Energy. PensionDanmark had previously acquired 50% of another Danish wind farm from DONG.
Among other sectors, the private equity firm's new Sub-Saharan investment group will cover infrastructure and will be led by StanChart’s former head of African private equity, Marlon Chigwende, and former Ethos partner Danie Jordaan.
StormHarbour, a Hong Kong-based financial advisory firm, has appointed three new managing directors to its infrastructure finance business.
The India-focused debut infrastructure vehicle sponsored by the private equity arm of ICICI Bank is nearing its first close with commitments from Indian and Asian limited partners and strong interest from European and Canadian investors.
Some emerging themes could be glimpsed at our Infrastructure Investor: Europe event in the German capital. We took note
The leading businessman has been appointed a founding partner of fund manager Ancala Partners, the London-based start-up founded by former Macquarie Capital veteran Spence Clunie.
One of Australia’s largest superannuation funds has appointed Jason Peasley from boutique advisor Artisan Investment Managers for the newly created position of head of infrastructure. The move is part of the fund’s ‘plan to grow investments in this area significantly over the next few years’.
The Swiss investor has closed Partners Group Global Infrastructure 2009 with commitments from pensions, insurers and endowments, among others. The vehicle already counts 17 investments in its portfolio.