June 2017 Issue

EISER’s arbitration victory over the Spanish government’s retroactive subsidy cuts gives hope to investors

As GPIF takes its first steps towards infra, participants at our Tokyo Summit suggest the country’s LPs look set to follow suit

Investors are broadly happy with the benefits that subscription lines can bring to their funds, but the facilities may contain restrictions they need to be aware of. Andy Thomson reports

Ever since Oaktree’s Howard Marks sounded the alarm on subscription line financing, criticism has rained down on an established product. Kalliope Gourntis spoke to a number of GPs to separate fact from improbability

OTPP has been under-allocated for most of the 15 years it has been investing in infrastructure – until now. Infrastructure chief Andrew Claerhout tells Bruno Alves how the pension threw out the rule book, opened itself up to new sectors and geographies, and acquired the skills to become a serious developer of greenfield assets

As investors increasingly warm up to core-plus strategies, Partners Group’s global co-head of private infrastructure Brandon Prater explains how the firm approaches value creation and why being able to draw from its different business lines plays a key role in adding value

Governments in Canada and the US are planning major infrastructure investments, but investors hoping for airport assets to come to market may have to wait a while longer. Jordan Stutts reports

While governments’ appetite for renewables is likely to outlive today’s political volatility, the pipeline of low-hanging deals is drying up. Five industry experts tell Matthieu Favas about the role of development banks, how to foster emerging technologies and what LPs want.

A clean energy bill in Nevada has sent those for and against the proposal to some familiar lobbyists

A diary helpfully provided by France’s VINCI is missing just one crucial item: Tuesday

A Macquarie-led consortium has bought the UK’s Green Investment Bank, prompting questions about the bank’s future role in financing the country’s green economy and its original mission as a catalyst of new technologies. Zak Bentley investigates

Multilateral development banks have historically measured success in the infrastructure sector by how much capital they deployed. But as they look to engage the private sector, risk mitigation and credit enhancement is the name of the game now. Andrew Vitelli reports

Jade Changsuk Ok was formerly head of global infrastructure at Korea's National Pension Service, where he was involved in building the pension fund’s $11 billion global infrastructure portfolio. In an interview with Nia Tam, Ok talks about Korean investors’ appetite for infrastructure, their preference for debt and why the country’s $100 billion private institutional investors will soon warm up to alternatives.