The bank has completed the synthetic securitisation of European infrastructure loans worth £233m. It has transferred most of the credit risk through a guaranteed tranche within the deal, funded by a single institutional investor. The bank is keeping the first-loss tranche and the bigger unhedged senior tranche.
Five financial institutions have got behind the Flemish region’s landmark schools deal, which packages the construction and operation of 211 schools under a single PPP contract - awarded to a consortium of Fortis Real Estate and BNP Paribas Fortis.
Capital Dynamics' clean energy infrastructure head, David Scaysbrook, expects the quality of environmental, social and governance policies to become a core selection point for fund managers. The immediate challenge is for the industry to come up with more examples of tangible gains from the implementation of such policies.
Deloitte warns the austerity measures being implemented across Europe pose ‘a real danger that the wider industry surrounding infrastructure development will shrink considerably’.
Margot Wirth, head of private equity for the $133bn pension, sees a shift away from total ‘blind trust arrangements’.
A joint venture fund between Mumbai based investment firms IL&FS and Milestone Capital Advisors has purchased a 74% stake in 247Park, a large business park in “the upcoming business corridor” in the Vikhroli area of the city.
The listed vehicle – GCP Infrastructure Investments – will be floated on the London Stock Exchange and will serve as a feeder fund for the GCP infrastructure fund, launched around this time last year. It aims to provide subordinated debt to UK PFI projects.
The London-based environment-focused fund manager and adviser has established a new European renewable energy infrastructure asset management team headed by former Infracapital Partners principal Stephen Lilley.
KKR’s recent East Resources exit – coupled with HitecVision’s specialist energy fund close this week – is further evidence that the energy sector remains active and vibrant for private equity investors, writes Christopher Witkowsky.
Australia’s A$68 billion sovereign wealth fund has increased its exposure to real estate over the last year. But will commingled fund managers benefit? PERE Magazine June 2010 issue.
Pantheon Ventures has a shiny new management structure backing its $4bn in dry powder. PEI catches up with one of the world’s largest fund of funds managers.
Private capital in Egypt looks set to have a more important role to play after the Parliament passed a bill allowing private participation in public projects. The government also announced the setting up of 21 investment zones to be operated by private players.
A consortium including the German developer has won the contract to build a new prison facility in Victoria, Australia. The project is the first Victorian public-private partnership to be awarded under new Australian PPP guidelines.
The $200bn fund has completed its purchase of landmark building, the Sony Center, on Berlin’s famous Potsdamer Platz road, from Morgan Stanley Real Estate Investing.
Hugh Daniel, founding partner and former joint chief executive of UK-based project finance consultancy Operis, passed away suddenly last Saturday.