Chris Koski has resigned as global head of infrastructure for the Abu Dhabi Investment Authority for family reasons. ADIA, which confirmed the departure, said a search will be conducted for a successor.
The UK government published legislation yesterday that will eventually enable it to guarantee up to £40bn of privately financed infrastructure projects.
In markets perceived to be ‘safe’, core brownfield infrastructure assets are experiencing ‘upward pressure’ on pricing according to a new report from private markets specialist Partners Group. The firm says achieving an adequate risk-return balance is ‘increasingly challenging’.
The issue proceeds will be used to partly finance the acquisition of three assets in the UK and the Netherlands. The fund manager might also seek to raise a further £25m to help finance a third-party acquisition.
It seems like there have been more false starts in the US P3 market than in the history of the Olympic Games. But is it now genuinely up and running?
Jeffrey Altman (pictured), a director who co-led global fundraising and fund management for First State Investments’ European Diversified Infrastructure fund, has left the firm. Altman had been with the business since January 2008.
Paul Deighton (pictured), chief executive of the London Organising Committee of the Olympic and Paralympic Games and a former Goldman Sachs executive, has been charged by David Cameron with getting the private sector to fund the government’s infrastructure plans.
In an exclusive interview with Infrastructure Investor, CP2 managing director Syd Bone claims investors are shying away from the blind pool fund model – and explains his own firm’s institutional club approach.
What should senior lenders expect in distressed TIFIA-financed projects? Timothy Walsh and Erich Eisenegger of McDermott Will & Emery investigate.
A Foresight-managed government-backed renewable energy fund has completed its first investment in a £21m food and green waste processing plant in Dagenham. The fund is investing in the run-up to the £3bn Green Investment Bank, expected to open for business later this year.
Strabag Real Estate and Otto Wulff Bauunternehmung have formed a joint venture to plan, construct, renovate and operate 15 vocational colleges in Hamburg. The project will run over a 30-year timeframe and includes a five-year construction and renovation phase.
Infrastructure Investor recently gathered six leading infrastructure asset class professionals together in London for a discussion of the investment climate in the UK. For all the government’s apparent best intentions, those present were frustrated by a lack of opportunity.
Energy infrastructure partner Ryan Ketchum has relocated to the law firm’s London office. Ketchum, previously based in Richmond, Virginia, specialises in emerging markets.
The consortium has secured an £88m loan from Bank of Tokyo Mitsubishi, KfW and DZ Bank to help fund an initial £100m of works to refurbish and maintain several hundred kilometres of roads and pavement across the London Borough of Hounslow. The total contract is worth £650m.
IFM has been remarkably successful in attracting big-tickets from US pensions, demonstrating that its peculiar ownership model and culture are resonating with neophyte investors.