UK-listed 3i attempted to placate investors by announcing a substantially increased dividend during its half year results presentation Thursday morning, as it revealed its portfolio had fallen in value by £523m.
2 min read · 15 January 2013
Arup and the RAC Foundation have identified 96 road schemes – many possessing ‘exceptionally strong business cases’ – which are stalled due to lack of government funding. The two firms urge the use of private sector capital, but note the UK’s reluctance to tolling as a hindrance.
2 min read · 15 January 2013
A start-up organisation is aiming to loosen resistance to tolling on Capitol Hill. Private investment in public infrastructure would be part of the discussion.
1 min read · 15 January 2013
The bank’s transition into asset-based lending for private equity-backed deals could be part of a niche financing trend for medium sized banks, says Amalgamated investor Wilbur Ross.
2 min read · 15 January 2013
JP Morgan’s announcement that it is setting up a new team dedicated to infrastructure debt shows that institutional investors are interested in this investment space, especially in a low-interest rate environment.
2 min read · 15 January 2013
Bob Dewing, a consultant for JP Morgan Asset Management for the past nine months, has joined the unit to create a dedicated infrastructure debt team. The new team will target ‘seasoned loans with attractive risk adjusted yields originated by project finance banks’.
1 min read · 15 January 2013
The Australian airport, in which Hastings Funds Management owns a majority stake, has struck a deal with nine banks to refinance its debt. Next, the airport’s owners will tap the equity markets for $180m.
2 min read · 15 January 2013
Lexington Partners’ founder Brent Nicklas has spent the last 20 years trying to create LP-friendly products – and in doing so, has built one of world’s biggest secondaries managers. In a rare interview, he tells James Taylor that it’s time for private equity to start focusing exclusively on its most important constituency: investors
10 min read · 15 January 2013
Next year, one of these Republicans hopes to replace Barack Obama as US President. With financial regulation and taxation high on the political agenda, who would be the best bet for the private equity industry?
6 min read · 15 January 2013
A sensible allocation to distressed debt and related strategies within a portfolio can smooth out volatility and boost returns, says CalPERS’ Réal Desrochers
6 min read · 15 January 2013
