Washington D.C.-based Millennium Challenge Corporation – in its first project financing – and a syndicate of Jordanian banks led by Arab Bank have helped Suez Environnement, Infilco Degremont and The Morganti Group close on Jordan’s ‘only project financing to take place this year’.
Real Infrastructure Capital Partners has managed to raise $50m from a group of development institutions to hold a first close for its Latin Renewables Infrastructure Fund. The latter is targeting a final close of $150m to $200m.
The Singapore-based, pan-Asian infrastructure fund manager is approaching the $400m mark for its debut fund which has a target of $500m and a hard cap of $750m. It is thought that the fund will reach its target within the next few months.
Chancellor George Osborne (pictured) has announced a plan for the government to underwrite up to £40bn of investment into UK infrastructure. The move aims to kick-start infrastructure projects put on hold for a lack of funding.
The Australian fund manager has been selected by the RBS Group Pension Fund – a pension fund linked to UK banking group RBS – to develop and manage private market infrastructure assets.
The $142bn investment manager has launched the new group comprising four financing veterans with experience in the power generation and energy infrastructure sectors. Brian Daly, formerly of TCW, will lead the effort.
Juergen Bohn has been appointed to lead the alternative investments business of BBPI Europe, the European project investments arm of developer Bilfinger Berger. Based in Germany, Bohn will report to UK-based managing director Martin Pugh.
Brisa’s main shareholders – Jose de Mello and Arcus – have increased their takeover offer by €0.10 to €2.76 per share, or €726m.
The shortcomings in US infrastructure have received much attention. Jay Brown (pictured) and Robin Priest argue that a modest channeling of income tax revenue could be a big step towards addressing the problem
The Arab state, which is embarking on a major programme of infrastructure projects in the run up to its staging of the soccer World Cup in 2022, has called for more transparency from contracting firms through the bid phase. The call appears to have met with some resistance.
The independent fund manager has followed the appointment of veteran banker Iain Macleod with a new director of finance and new investment associates. iCON is thought to be roughly halfway through a €500m fundraise expected to wrap up later this year.
The US-based fund, which raised a $1.2bn energy infrastructure fund last year, teamed up with Crescent Capital and ACWA Power to acquire the 60MW photovoltaic plant from SunEdison.
The Munich-based alternative assets advisory firm, which provides access for investors to infrastructure and other asset classes, has bolstered its ranks with the appointment of Armin Otterbach.
The London-based international investment group has sold its 5.7 percent stake in Lakeside Network Investments, the Finnish electricity distribution and district heating business, to Teachers Insurance and Annuity Association of America.
BlackRock acquired Swiss Re PE partly to offer its clients a substitute for low-yielding fixed income assets and believes infrastructure is the best replacement.