Investors in Sterling Group’s $470m second fund, which closed in 2005, have been paid back all called capital, says partner Kevin Garland.
2 min read · 15 January 2013
Toll road operators in southern Europe have been particularly hard hit, experiencing traffic falls of more than 10% this year. But the ratings agency warns that the crisis is also eroding ‘the core stability of the infrastructure sector’.
2 min read · 15 January 2013
Parking has undergone resurgence in the US in 2012. Chris Glynn reports on how a once-maligned sector has had its credibility restored.
8 min read · 15 January 2013
Private debt fund manager Metric, launched by former UBS and Towerbrook executive John Sinik last year, has sealed another two deals as demand for alternative sources of debt finance increases.
2 min read · 15 January 2013
A Probitas Partners survey has found increasing support for US and European mid-market funds among limited partner respondents.
2 min read · 15 January 2013
Ashurst’s Gonzalo Jimenez Blanco (pictured) and José María Anarte offer a legal perspective on the troubles affecting Spain’s roads sector.
6 min read · 15 January 2013
Three-and-a-half-years later, financial advisor Unicredit steered a club of 10 institutions to provide $960m of debt for an undersea tunnel and road linking Istanbul’s European and Asian sides. The icing on the cake: an 18-year door-to-door tenor, Turkey’s longest project financing.
2 min read · 15 January 2013
The ratings agency has put the bank’s AAA rating on negative watch on account of what it calls ‘low probability but high-impact events’ such as multiple Eurozone exits.
2 min read · 15 January 2013
Almost 200 private debt funds are chasing combined commitments of $124 billion, according to PEI research, as managers look to exploit credit opportunities created by banks’ partial retreat from the market.
2 min read · 15 January 2013
As the head of a firm that has just raised the largest fund the infrastructure asset class has ever seen, GIP’s Adebayo Ogunlesi has reaped the benefits of delivering on a strategy that countered many prevailing notions when it was first devised. Philip Borel caught up with Ogunlesi to reflect on the firm’s progress to date
10 min read · 15 January 2013
