The €18bn Danish pension fund has established Copenhagen Infrastructure Partners, a new single-LP fund to which it is committing €800m to be invested in the next four years. The fund will be managed by ex-employees of Dong Energy. A planned second fund will target external investors.
Barclays Infrastructure Funds has acquired a 50 percent interest in the Walsall Manor Hospital PPP from Swedish developer Skanska for £17m. Fellow UK fund manager Innisfree retains the other 50 percent holding.
In an exclusive interview in the October issue of Infrastructure Investor, InfraRed Capital Partners’ Bryn Jones maintains that the US market is finally delivering – and says InfraRed is positioning itself there as a developer as much as an equity provider.
The Swedish investor has acquired Norwegian offshore oil and gas broadband operator Tampnet from HitecVision. Tampnet operates the world’s largest offshore high capacity communication network.
The country’s roads agency has agreed cuts in capex and opex with the sub-concessionaires of six of the seven roads that form part of the previous government’s €5bn roads programme.
Bill Banks currently holds the post of Leader of Infrastructure Advisory for the Asia Pacific region at the ‘Big Four’ accounting firm. Ernst & Young says it’s seeing rising demand for advisory services, especially from the growth markets of Asia Pacific, the Middle East and South America.
Projects such as the Bujagali Hydroelectric Dam in Uganda and KivuWatt in Rwanda point the way forward for African countries. Ryan Ketchum explains why.
The long-term future of infrastructure fundraising looks healthy. The short term won’t be changed by one fund.
The confidence needed to complete almost 500 greenfield infrastructure projects in the European Union, worth a total $233bn, is contingent on the success of pilot projects that will test the new Europe 2020 Project Bonds Initiative. This was the conclusion of an industry roundtable staged by Freshfields.
The Dutch fund manager has recruited Macquarie Capital’s head of Canadian power, utilities and renewables – Paul Huebener – to lead its newly opened Toronto office. DIF, which is raising a third, €600m infrastructure fund, plans to use the new office to target North American P3s.
Global Infrastructure Partners’ second fund – the largest infrastructure fund ever raised – has reached its revised hard cap. The New York-based fund manager now has more than $15bn in assets under management.
Attendees at Infrastructure Investor’s US roundtable in New York noted how perceptions of P3s are changing – from a way of fixing short-term budgetary deficits to genuine partnerships that produce long-term benefits.
Diogenes Bermudez, former general counsel for Petrobras Venezuela, becomes a Caracas-based counsel in the international law firm’s infrastructure and project finance practice.
Sir John Armitt, chair of the Olympic Delivery Authority, has accepted an invitation from the opposition Labour party to draw up an independent ‘commission or process’ to examine the UK’s long-term infrastructure needs.
The Connecticut-based fund manager is investing $150m from its infrastructure fund to establish Caliber Midstream Partners alongside oil and gas E&P firm Triangle Petroleum. Caliber will be a midstream pipeline solution provider.