Effective from January 1 2012, Christopher Elliott (pictured) is working three days a week as chairman of the investment committees at Barclays Infrastructure Funds – having previously been full-time head of infrastructure investing. MDs Nigel Middleton and Andy Matthews have expanded their roles.
The energy investment specialist is partnering with Beowulf Energy in the acquisition of stakes in a power generation facility in Trinidad and Tobago (pictured) and a project transporting natural gas from Tobago to other Eastern Caribbean islands.
Vnesheconombank said it can provide up to 40% of the debt required for St. Petersburg’s Western High-Speed Diameter toll road. VTB Capital, Gazprombank, the Eurasian Development Bank and the EBRD are also on board to fund the deal, set to close during the first quarter.
The monoline has completed the ‘first monoline transaction in Europe since the beginning of the crisis’ by guaranteeing a £100m hospital PFI bond. Europe head Nick Proud (pictured) called the deal ‘a very important first step in bringing the capital markets back to infrastructure finance’.
Fund II has already locked down an extra £15m in commitments, securing its original £250m hard-cap. But LPs have allowed Equitix to try and raise up to £350m during the first quarter of 2012. Close to 60% of the funds raised have already been committed to UK PFI projects.
The UK developer has emerged as the frontrunner to build and operate a new waste management facility in Essex, England. Financial close is expected during the first half of the year.
The Barclays European Infrastructure Fund II led a team that reached financial close on a project to renovate a military sports centre in France. Dexia Credit Local and Bank of Tokyo Mitsubishi backed the deal with debt.
The €437m fund raised by BNP Paribas Clean Energy Partners in December 2010 has acquired three French wind farm assets, bringing its total wind asset base to more than 100MW. Last month, the fund completed a pioneering biomass deal.
The French fund manager is part of a consortium that also includes Portuguese fund manager TIIC and French firms NGE and FAYAT. Natixis, Santander and WestLB provided €110m in debt to help fund the 18km highway stretch.
The US-based fund manager, which focuses on energy, has promoted nine of its team altogether including the creation of five new managing directors. Three of the new managing directors are based in London.
Neil Upton, who has had spells with the likes of White and Case and DLA Piper, has joined SJ Berwin as a partner in London to head up its energy & infrastructure team alongside existing partner Elaine Gibson-Bolton.
A survey of limited partners within the infrastructure asset class shows that traditional energy is the most popular sector as well as being more popular than it was a year previously. Traditional energy is of considerably more interest than renewable energy.
We asked leading professionals in the infrastructure asset class for their thoughts on what next year has in store. Today’s opinions come from Luis Manuel Sada-Beltrán, Mathias Burghardt and Tom Murley.
We asked leading professionals in the infrastructure asset class for their thoughts on what next year has in store. Today’s opinions come from John Schmidt (pictured), Michael Cook, Renaud de Matharel and Rob Gregor.
We asked leading professionals in the infrastructure asset class for their thoughts on what next year has in store. Today’s opinions come from Gershon Cohen, Hans Meissner, Paul Kraske and Tony Mallin.